Below is a collection of research links for HEXO and it's Partner Molson-Coors, provided as a starting point for research. In today's news release HEXO indicated that it is looking at the acquistion of a US Based Facility (see highlights below) DYODD
Q Company Presentations: (Dec 9th, 2020) - Video HEXO Virtually Rolls out New Belleville Facility https://youtu.be/nhTKnCRhzv4
<<<-- A Must Watch ----<<<<<< 2021 ICR Presentation with HEXO CEO (discussion on US expansion into Colorado and beyond) https://icrinc.touchcast.com/showtime/icr-conference/embed/6a310d2c-3a67-6022-c73f-165d733a591a
Note: Starting from
minute marker 20:05 the CEO comments on how Coke, Dwayne Johnson “The Rock” and HEXO are connected. Would recommend watching the entire video from start to finish.
Link to HEXO Video Library Showing Inside the Operation https://www.hexocorp.com/videos/
HEXO and Related News: (May 11, 2021) HEXO Corp Announces At-the-Market Offering of up to C$150,000,000 https://www.globenewswire.com/news-release/2021/05/11/2227270/0/en/HEXO-Corp-Announces-At-the-Market-Offering-of-up-to-C-150-000-000.html
Taken From Above News Release: The Company expects to use the net proceeds from the ATM Program for general corporate purposes, which may include: (i) costs associated with the Company’s U.S. expansion plans including the contemplated acquisition of a facility in the State of Colorado and its subsequent retrofitting and improvement; (ii) capital expenditures, including potential capital expenditures to make additional improvements to the production lines at the Company’s Belleville, Ontario facility; (iii) potential future acquisitions; (iv) working capital, including replenishing existing cash resources and working capital which will be used to fund certain transaction and integration costs and minimum debt repayments related to the Company’s proposed acquisition of Zenabis Global Inc. (“Zenabis”); and (v) repayment of additional debts owed by Zenabis following the completion of the Zenabis acquisition. (May 7, 2021) HEXO Corp to Participate in Canaccord Genuity’s 5th Annual Global Cannabis Conference on May 11, 2021 https://www.globenewswire.com/news-release/2021/05/07/2225331/0/en/HEXO-Corp-to-Participate-in-Canaccord-Genuity-s-5th-Annual-Global-Cannabis-Conference-on-May-11-2021.html
(May 3, 2021) - HEXO Corp Announces Repayment of Credit Facility https://www.globenewswire.com/news-release/2021/05/03/2221193/0/en/HEXO-Corp-Announces-Repayment-of-Credit-Facility.html
Taken From Above News Release “We believe repayment of the credit facility provides HEXO with flexibility as we continue to execute on our US expansion plans and our goal to become a top two Canadian LP by adult-use recreational cannabis sales,” said HEXO CEO and co-founder Sebastien St-Louis. “We would like to thank our lenders for their support, which has contributed to HEXO’s success to date.” (Apr 28, 2021) – HEXO Corp receives Control Union Medical Cannabis Standard GACP certification https://www.globenewswire.com/news-release/2021/04/28/2218430/0/en/HEXO-Corp-receives-Control-Union-Medical-Cannabis-Standard-GACP-certification.html
Taken From Above News Release: CUMCS-GACP certification represents a standard of quality and consistency for cannabis propagation, cultivation and post-harvest processes and is compliant with both the World Health Organization and European Medicines Agency Good Agricultural and Collection Practice guidelines (Apr 21, 2021) – HEXO Wins 2021 Atomic Award https://atomicawards.strategyonline.ca/winners/winner/2021/?e=110149&n=Veryvell
(Apr 15, 2021) - HEXO Corp Announces Filing of $1.2B Preliminary Base Shelf Prospectus https://www.globenewswire.com/news-release/2021/04/15/2211308/0/en/HEXO-Corp-Announces-Filing-of-1-2B-Preliminary-Base-Shelf-Prospectus.html
Taken From Above News Release: “We made the decision to file this new base shelf prospectus and registration statement to provide maximum flexibility as we continue to pursue strategic initiatives in both the United States and Canada,” said HEXO CEO and co-founder Sebastien St-Louis. “We have now started to deploy capital in the United States, are remaining active in M&A and are in ongoing discussions with potential non-beverage CPG partners which we expect will require additional capital as we continue to execute on our growth and expansion strategy.” (Apr 14, 2021 – HEXO / Molson JV – Truss Launch New Drinks for Summer https://www.benzinga.com/markets/cannabis/21/04/20621085/molson-coors-hexo-cannabis-jv-truss-beverage-to-launch-six-new-products-this-summer
(Apr 8, 2021) HEXO’s Partner Molson Coors Nominates Julia M. Brown as an Independent Director to Join Its Board of Directors https://ir.molsoncoors.com/news/press-release-details/2021/Molson-Coors-Nominates-Julia-M.-Brown-as-an-Independent-Director-to-Join-Its-Board-of-Directors/default.aspx
Note: As outlined in the news out from Molson, Mrs. Brown has been previously employed with Mars-Wrigley as well as Kraft Foods.
(Apr 6, 2021) – HEXO Launches Bake Sale – New Cannabis Baking Flower https://www.globenewswire.com/news-release/2021/04/06/2204803/0/en/HEXO-launches-first-of-its-kind-Bake-Sale-value-brand.html
(Mar 31, 2021) Zenabis 2020 Q4 Year End Quarter Report (Bloomberg) https://www.bloomberg.com/press-releases/2021-04-01/zenabis-announces-full-year-and-fourth-quarter-2020-financial-results
(Mar 26, 2021) – HEXO CFO Trent McDonald Hosts Reddit Ask-Me-Anything (AMA) Session https://www.reddit.com/r/TheCannalysts/comments/m8rljy/hi_this_is_trent_macdonald_cfo_of_hexo_corp_ill/
Note: Trent addressed a number of topics from
US Expansion to what a US Strategy would look like. He also noted how
undervalued the stock is in relation to others in the industry based on sales (this compares to sharecount vs sales dollars, PS-Ratio math helps explain what he is referring to) (Mar 18, 2021) – HEXO Reports 2021 Q2 Results https://www.globenewswire.com/news-release/2021/03/18/2195226/0/en/HEXO-Corp-announces-positive-adjusted-EBITDA-and-94-increase-in-net-revenue-from-prior-year.html
Note: HEXO Achieved
positive adjusted EBITDA, along with the seventh consecutive quarter of adjusted EBITDA improvement.
This is a milestone yet to be achieved by Canopy Growth or Aurora Cannabis (Mar 18th, 2021) HEXO - Earnings Call Transcripts (2021 Q2 Report) https://news.alphastreet.com/hexo-corp-hexo-q2-2021-earnings-call-transcript/
(Feb 22, 2021) – HEXO and Namaste Tech Sign Agreement for New Product Releases https://www.globenewswire.com/news-release/2021/02/22/2179988/0/en/Namaste-Technologies-Subsidiary-CannMart-Signs-National-Supply-Agreement-with-HEXO.html
(Feb 16, 2021) – HEXO to Acquire Zenabis https://www.globenewswire.com/news-release/2021/02/16/2176435/0/en/HEXO-Corp-to-acquire-Zenabis-Global-Inc.html
Note: The Zenabis deal is valued at $235 Million CDN however requires no cash outlay by HEXO to complete as it is being performed on a share conversion of .01772 of one HEXO share for each Zenabis Share. Post-merger Zenabis products, sales and debts owing will move to HEXO.
HEXO PowerPoint / PDF Summary Presentation Regarding Zenabis Deal https://www.zenabis.com/wp-content/uploads/slider/hexo-corp-project-zebra_2021-03-25_12_10_21/hexo_corp.pdf?fbclid=IwAR0FlnKRYtEoOPfI0y6BKEgGN04sNV8HMzc7zYYmF4_5w1zOdoWTe_Oxv1c
NOTE: Presentation compares HEXO to other major players including the Aphria / Tilray combined operation and shows HEXO becoming a top three producer in the Canadian Market. Comparisons to the overall North American market are not included.
(Feb 2, 2021) - HEXO Book Launch Link to Book Released on Amazon.CA outlining the story of HEXO (listed as Top-Seller)
https://obj.ca/article/local/book-excerpt-billion-dollar-start
(Jan 13, 2021) Truss CBD USA, a HEXO Corp and Molson Coors joint venture, launches Veryvell sparkling CBD water in Colorado https://www.globenewswire.com/news-release/2021/01/13/2158006/0/en/Truss-CBD-USA-a-HEXO-Corp-and-Molson-Coors-joint-venture-launches-Veryvell-sparkling-CBD-water-in-Colorado.html
(Jan 1, 2021) Link to Molson / Dwyane Johnson "The Rock" Partnership https://www.msn.com/en-us/money/smallbusiness/dwayne-the-rock-johnson-partners-with-molson-coors-for-nonalcoholic-energy-drink/ar-BB1cEP6r
(Dec 22, 2020) HEXO News Release Referencing the No Need to Raise Additional Capital (HEXO Corp Announces Lapse of Base Shelf Prospectus) https://www.globenewswire.com/news-release/2020/12/22/2149236/0/en/HEXO-Corp-Announces-Lapse-of-Base-Shelf-Prospectus.html Taken From Above News Release: “In light of our solid financial position, and most notably our excellent liquidity and cashflow position, we do not see the need to conduct further rounds of financing in the near future.” (Dec 23, 2020) – HEXO Completes 4:1 Stock Consolidation. HEXO consolidated shares at a ratio of 4:1 on Dec 23, 2020 in order to comply with NYSE minimum listing requirements. Current outstanding shares is now apx 126 Million.
NOTE: HEXO now has one of the lowest outstanding share counts in the entire Cannabis Sector
(July 2020) HEXO established a Medical Cannabis Supply contract with Israel Link to HEXO NR on Israel Supply Agreement https://www.globenewswire.com/news-release/2020/07/09/2059798/0/en/HEXO-launches-medical-cannabis-products-in-Israel.html
(Sept 9, 2020) Link to Molson / Coke Deal https://www.msn.com/EN-US/money/companies/molson-coors-to-bring-coke-s-alcoholic-topo-chico-to-u-s/ar-BB19xmoa
(Aug 1, 2018) Molson Coors Canada and HEXO Announce Agreement to Create Joint Venture Focused on Non-Alcoholic, Cannabis-Infused Beverages for the Canadian Market https://www.newswire.ca/news-releases/molson-coors-canada-and-hexo-announce-agreement-to-create-joint-venture-focused-on-non-alcoholic-cannabis-infused-beverages-for-the-canadian-market-689719921.html
Research Links: HEXO - Price to Sales Ratio Data https://ycharts.com/companies/HEXO.TO/ps_ratio
Investopedia Link on How to use PS-Ratio https://www.investopedia.com/articles/fundamental/03/032603.asp
NOTE: HEXO PS-Ratio is apx 1/3 of Canopy Growth. Both companies have the same product mix, international deals, offer Rec and Med products etc and the best comparison stock for HEXO.
HEXO Daily Shareprice Data https://ca.finance.yahoo.com/quote/HEXO.TO/history/
HEXO - Investor Relations Homepage - Quarter Reports (Also see www.sedar.com for more details) https://www.hexocorp.com/investors/