quinlash wrote: High-Level Summary of Current Status (June 28th, 2021) In 2020 HEXO expanded sales into the US through its 2
nd Joint Venture with its partner Molson-Coors for the sale of infused drinks in the state of Colorado. HEXO management has referred to expansion to additional states in numerous interviews and corporate report-outs such as their earnings reports. Included in these comments are references to them working directly with existing U.S. Multi-State-Operators (MSOs). May 14
th, 2021, the company announced the acquisition of a production facility in Colorado and noted that this would be undergoing upgrades to provide a means to produce product within the US in conjunction with MSOs seeking to take advantage of the “Powered by HEXO” patented technology. At this point there is no indication that the company plans to cultivate Cannabis within the US and are opting to source raw product from local producers.
HEXO has been in expansion mode of late with the purchase of Zenabis Global, another Canadian LP and producer of Cannabis 2.0 products, including edibles. June 1
st this deal closed with shares, sales, assets, and liabilities of the company transitioning over to HEXO. According to HEXO this addition places the company firmly in the #2 position within Canada based on recreational cannabis sales.
May 17
th HEXO announced the planned acquisition of 48 North, a Canadian LP with a line of Cannabis infused Health and Beauty Products.
May 28th the company disclosed that it is now positioned to take over the #1 Spot in Canada with a planned purchase of Redecan. Redecan reported $58 Million for Sales in its most recent Quarter with Margins north of 50% (Note: Redecan is privately owned / not publicly traded, refer to investor’s deck link below for details). Redecan is a leader in the sale of pre-rolls but also carries Cannabis Capsules, oils and vapes.
Based on most recent QTR reports from each company HEXO can be expected to be showing in excess of $112.5 Million in sales per QTR or just under one half of a Billion Annually once all of the deals are closed and fully consolidated under the HEXO banner.
HEXO has filed a base shelf prospectus for 1.2 Billion dollars to address debts owing as well as fund merger and acquisition activity and it’s US Expansion activities.
HEXO released it’s 2021 Q3 QTR report on Monday, June 14
th. The report showed a fairly substantial earnings miss with sales coming in at $33 Million vs. the $45 Million of prior QTR. The company took ownership of this crediting a decision to focus on high-volume / low-THC content hash to meet sales demand. Unfortunately, small craft growers were also ramping up hash production with higher content THC products which took away sales from HEXO during the QTR. HEXO noted that corrective action has already taken place and they are now providing the highest content THC products legally available for sale in Canada. As part of the earnings release the company also indicated that it had expanded sales outside of Quebec by a notable 169% and was continuing to ship product overseas.
Note: StockHouse Forum chatter of late has included the topic of HEXO’s 2019 acquisition of NewStrike Brands where HEXO picked up 8 provincial supply agreements and later sold off one of the four facilities that came along with the acquisition. Links have been provided towards the end of this summary to provide details.
HEXO Wildcards HEXO is partnered with Molson-Coors twice for the production of Cannabis infused drinks. Molson itself partnered with Coke for a new line of Mexican Drinks being sold in the US. Molson is also partnered with Dwayne Johnson “The Rock” for Zoa Energy Drinks. If either Coke or Dwayne Johnson opt to enter the Cannabis Infused Drink Market it is possible that HEXO could benefit directly or indirectly from such a development.
Company Presentations and Interviews: (June 16, 2021) Cantor Fitzgerald Fireside Chat with HEXO CEO Sebastien S.L. & CFO Trent M. https://www.youtube.com/watch?v=gvStRypSOpA
(June 12, 2021) HEXO CEO on BNN https://www.bnnbloomberg.ca/marijuana/video/focused-product-strategy-can-bring-us-ahead-in-the-u-s-market-hexo-ceo~2222003
Video Highlights (min:sec): (Min 5:30) Fully activate Belleville center By September. Bulk package from cultivation facility to retails shelf in 5 days.
(Min 6:35)
Some analysts find the price paid for Redecan considerably low versus was they are actually valued at. Received an offer at 1.4B and turned it down. My guess is they understand potential behind HEXO shares :).
(Min 7:15)
Redecan numbers will blow the market away. They need Redecan audit before they can post numbers. Making sure they cross Ts and dot the Is. (Min 8:30) They want to bring that #1 portfolio from Canada to the USA. They've got great margins and he thinks that MSO will be interested in getting those excellent products plus excellent margins.
June 11, 2021 – Interview with HEXO CEO https://www.youtube.com/watch?v=MBOiRu7Z15Y
Comments include: - HEXO becoming #1 in Canada as major deals close
- Environmental concerns / changes being made by HEXO (See HEXO News Releases below)
- Purchase of Redecan which has seen 169% Growth Year over Year
- SSL believes there will be only 3 major players in the sector
- Worldwide expansion plans
- HEXO already in the US and selling product
- Working with Molson to expand to more states – coming Soon
- Functional Foods expansion – Legal to sell in US today
- Prepping the business to expand as soon as rules change in the US
- Number 1 producer in a number of Canadian Provinces
- Blew Canopy out of the water with drinks
- HEXO mostly focused on US Expansion at this time but also planning on Worldwide expansion
- Products currently being sold in Israel
- Discussion regarding distribution of product overseas through Molson sales channels
- Aiming to EPS positive in a short period of time
(May 28, 2021) CNN Interview with HEXO CEO Regarding Redecan Acquisition (Video) https://www.youtube.com/watch?v=Z50nIYXQRwM&t=10s
(May 28, 2021) HEXO+ Redecan (Splash Video) https://www.youtube.com/watch?v=zHwI9ZnNCXY
(May 28, 2021) HEXO + Redecan Investors Deck https://staticproduction.s3.amazonaws.com/financial-statements/2021/Hexo+Redecan+Investors+Deck.pdf
Slide # 9 Reports
Redecan as having 169% Year over Year increase in Sales as well as 50% + Gross Margins Slide # 18 Shows HEXO expecting
$32 Million in Annual Savings Post-Zenabis + 48 North deals closing (May 28, 2021) HEXO NOW #1 Video https://www.youtube.com/watch?v=zHwI9ZnNCXY
(May 20, 2021) BMO Capital Markets 16th Annual Farm to Market Conference – Video Interview with HEXO CEO and CFO https://www.youtube.com/watch?v=plKNIcTXD70&t=23s
Video Highlights (min:sec): Merger and Acquisition discussion regarding Zenabis and 48-North, HEXO seeking 20% Canadian Market Share, expansion of product line in order to approach larger partners, New Bake Sale Product and Original Stash products targeting Black-market Customers (and winning),
how HEXO is addressing inventory management to avoid write-downs, UP! Product line supporting 20% + THC levels,
100 Strain Strategy by year end of Calendar Year 2021, Powered By HEXO strategy for Consumer Packaged Goods (CPG) partners, moving to “functional foods”, (eg Pet Care and Cosmetics),
(Min 18:50) HEXO displaced major CPG producers in Colorado with drink launch,
(Min 20:30) 2
nd Largest Patent Holder in Sector,
(Min 22:10)
Colorado as launching location into the rest of the US,
(Min 23:40) Powered by HEXO structure compared to Intel Business Model,
(Min 27:00) HEXO has THC Zoning in US,
(Min 31:15) HEXO Drink re-buy rate for first time buyers of Truss drinks apx 85%.
(May 11, 2021) Canaccord Genuity’s 5th Annual Global Cannabis Conference – Interview with HEXO CEO https://www.youtube.com/watch?v=oFFW1D7ZMyk&t=171s
(Feb 16, 2021) 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.
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 19:20 the CEO comments on how HEXO has access to Molson’s relationship with Coke and Dwayne Johnson “The Rock” (Dec 9th, 2020) - Video HEXO Virtually Rolls out New Belleville Facility https://youtu.be/nhTKnCRhzv4
<<<-- A Must Watch ----<<<<<< Link to HEXO Video Library Showing Inside the Operation https://www.hexocorp.com/videos/
Powered By HEXO Summary (HEXO Page) https://www.hexocorp.com/powered-by-hexo/?fbclid=IwAR1mcH41Fy_P3BnHaM3MXrops-atTYVY7mnRXBZIzYpbk_OZSOT2YmE4xT0
HEXO (plus Zenabis / 48-North / Redecan) Related News: (June 28, 2021) HEXO Corp formalizes its US presence with acquisition of production facility in Colorado https://www.globenewswire.com/news-release/2021/06/28/2253703/0/en/HEXO-Corp-formalizes-its-US-presence-with-acquisition-of-production-facility-in-Colorado.html
(June 14, 2019) HEXO Corp Reports Third Quarter Fiscal 2021 Financial Results https://www.globenewswire.com/news-release/2021/06/14/2246424/0/en/HEXO-Corp-Reports-Third-Quarter-Fiscal-2021-Financial-Results.html
(June 14, 2021) – Audio file of HEXO 2021 Q3 Earnings Call https://www.youtube.com/watch?v=V7kE3LeVb9A
(June 11, 2021) HEXO Corp to Participate in Upcoming June Investor Conferences https://www.globenewswire.com/news-release/2021/06/11/2245765/0/en/HEXO-Corp-to-Participate-in-Upcoming-June-Investor-Conferences.html
(June 9, 2021) HEXO Corp wins dismissal of NY state court shareholder class action https://www.globenewswire.com/news-release/2021/06/09/2244200/0/en/HEXO-Corp-wins-dismissal-of-NY-state-court-shareholder-class-action.html
(June 8, 2021) HEXO Corp commits to ESG leadership, starts by offsetting 100% of carbon emissions and plastic packaging https://www.globenewswire.com/news-release/2021/06/08/2243398/0/en/HEXO-Corp-commits-to-ESG-leadership-starts-by-offsetting-100-of-carbon-emissions-and-plastic-packaging.html
(June 7, 2021) HEXO Corp to Release Fiscal Third Quarter 2021 Financial Results and Host Investor Webcast https://www.globenewswire.com/news-release/2021/06/07/2243134/0/en/HEXO-Corp-to-Release-Fiscal-Third-Quarter-2021-Financial-Results-and-Host-Investor-Webcast.html
(June 1, 2021) HEXO Corp. and Zenabis Global Inc. Announce Closing of Arrangement https://www.globenewswire.com/news-release/2021/06/01/2239519/0/en/HEXO-Corp-and-Zenabis-Global-Inc-Announce-Closing-of-Arrangement.html
(May 28, 2021) HEXO Corp announces acquisition of Redecan to create Canadian market leader in adult-use sales https://www.globenewswire.com/fr/news-release/2021/05/28/2238104/0/en/HEXO-Corp-announces-acquisition-of-Redecan-to-create-Canadian-market-leader-in-adult-use-sales.html
Taken From Above News Release “With today’s announcement, we believe that we are on the verge of surpassing that objective to become the no.1 licensed producer by recreational market share. Building on our strong market momentum, the combination of HEXO and Redecan reinforces our position as an industry leader and creates a robust foundation for growth, efficiency at scale and improved financial results.” (May 27, 2021) HEXO Corp Announces Public Offering of Senior Secured Convertible Notes https://www.globenewswire.com/news-release/2021/05/28/2237912/0/en/HEXO-Corp-Announces-Public-Offering-of-Senior-Secured-Convertible-Notes.html
Taken from Above News Release The Company expects to use substantially all of the net proceeds from the Offering to fund the acquisition (the “Potential Acquisition”), if it occurs, of a large Canadian licensed producer (the “Target Business”). The Company has not yet entered into a definitive agreement for the Potential Acquisition. (May 17, 2021) HEXO Corp to acquire 48North Cannabis Corp. https://www.globenewswire.com/news-release/2021/05/17/2230497/0/en/HEXO-Corp-to-acquire-48North-Cannabis-Corp.html
Taken from Above News Release: - Diversifies product portfolio: The addition of 48North’s innovative product offering, including topicals, bath and intimacy products provides a strong base for potential future CPG partnerships in the US, Canada and internationally.
- Offers accretive synergies: HEXO estimates that, assuming completion of the Transaction, it may realize annual synergies of up to $12 million within one year of close, through cost of goods reductions, additional capacity utilization in HEXO’s Belleville Centre of Excellence and selling, general and administrative savings, which, if realized, should allow HEXO to continue its path towards positive earnings.
(May 14, 2021) HEXO Corp Announces Filing of Preliminary Base Shelf Prospectus for Debt and Planned Reduction in Previously Filed Shelf Prospectus for Equity https://www.globenewswire.com/news-release/2021/05/14/2230199/0/en/HEXO-Corp-Announces-Filing-of-Preliminary-Base-Shelf-Prospectus-for-Debt-and-Planned-Reduction-in-Previously-Filed-Shelf-Prospectus-for-Equity.html
(May 14, 2021) HEXO Corp announces US production facility in Colorado https://www.globenewswire.com/news-release/2021/05/14/2229789/0/en/HEXO-Corp-announces-US-production-facility-in-Colorado.html
Taken From Above News Release The ~50,000 sq. ft. facility, located in Northern Colorado, will provide US CPGs and consumers access to the Powered by HEXO® technology. Note: The company has disclosed that the facility will cost $6 Million USD to purchase and between $16.5 and $49 Million USD to retrofit
HEXO’s first in the US, is zoned for production of a full range of cannabinoids and offers multiple operational capabilities. The site will support Powered by HEXO initiatives across the country, in compliance with all applicable laws and regulations. (May 14, 2021) ZENABIS MALTESE JOINT VENTURE PARTNER ZENPHARM RECEIVES LICENSE FOR PRODUCTION & DISTRIBUTION OF CANNABIS https://www.zenabis.com/zenabis-maltese-joint-venture-partner-zenpharm-receives-license-for-production-distribution-of-cannabis/
Taken from Above News Release The Medicinal Cannabis License allows ZenPharm to commence commercial shipments to the European Union, where Germany is ZenPharm’s most prominent target market. ZenPharm has an executed supply agreement with a German-based customer to supply a minimum volume of 500 kg per year. To that end, ZenPharm will be accepting shipments of up to 300kg from Zenabis Atholville through the end of this calendar year. “… launching finished cannabis products under its own brand for distribution within the Maltese medicinal cannabis market, with similar entry into the Polish Market expected in the Q1 2022” (May 13, 2021) HEXO Corp and REQ Announce Brand Partnership for “Powered By HEXO®” Expansion into United States https://www.globenewswire.com/news-release/2021/05/13/2228927/0/en/HEXO-Corp-and-REQ-Announce-Brand-Partnership-for-Powered-By-HEXO-Expansion-into-United-States.html
Taken From Above News Release As U.S. Agency of Record, REQ will assist HEXO as it continues to expand its footprint in the U.S. and ramps up to support the growth initiatives of Truss CBD USA, its joint venture with Molson Coors, and for potential non-beverage CPG partners with whom the Company is in ongoing discussions. Direct Link to REQ Marketing Website https://req.co/work/featured-work
Note: REQ has worked with companies such as Amazon, eBay, Disney, MasterCard and Stubhub (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 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 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 share count 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 Transcript (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 2, 2021) - HEXO Book Launch Link to Book Released on Amazon.CA outlining the story of HEXO
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
News from 2020 and Earlier (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 122 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
(June 17th 2020) HEXO Corp. Announces the Sale of its Niagara Facility (NewStrike Facility) https://www.globenewswire.com/news-release/2020/06/17/2049790/0/en/HEXO-Corp-Announces-the-Sale-of-its-Niagara-Facility.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
(Oct 31, 2019) Molson Coors drops ‘Brewing Co’ from its name as it looks beyond beer https://www.cnbc.com/2019/10/31/molson-coors-drops-brewing-co-from-its-name-as-it-looks-beyond-beer.html#:~:text=Molson%20Coors%20Brewing%20Company%2C%20one%20of%20the%20world%E2%80%99s,name%20will%20shift%20to%20%E2%80%9CMolson%20Coors%20Beverage%20Company.%E2%80%9D
Taken From Above News Release: Molson Coors Brewing Company, one of the world’s largest brewers, is to rename itself in an effort to “expand beyond beer.” Louisa Osmond, a professor of marketing at Edinburgh Business School said the name change will let Molson Coors adapt to consumers’ changing tastes. (Mar 17, 2019) Seeking Alpha Article – HEXO Corp. Acquires Newstrike Brands: It Is Massively Undervalued https://seekingalpha.com/article/4249310-hexo-corp-acquires-newstrike-brands-is-massively-undervalued
(May 28, 2019) HEXO Corp. announces acquisition of Securities of Newstrike Brands Ltd. https://www.globenewswire.com/news-release/2019/03/13/1752363/0/en/HEXO-Corp-to-acquire-Newstrike-Brands-Ltd.html Taken From Above News Release: Capacity boost with state-of-the-art cultivation infrastructure: The Transaction gives HEXO the capacity to produce approximately 150,000 kg of high-quality cannabis annually. The Transaction also provides HEXO access to four cutting-edge production campuses totaling close to 1.8 million sq. ft. of near-term cultivation space and diversified growing and production techniques. This is in addition to HEXO’s 579,000 sq. ft. facility for a manufacturing and product development center of excellence in Belleville, Ontario. Diversified domestic market penetration: Combined, HEXO and Newstrike have established distribution agreements in 8 provinces including Ontario, Quebec, British Columbia, Alberta, Saskatchewan, Manitoba, Nova Scotia, and Prince Edward Island, allowing broad consumer access to HEXO’s products across Canada.
(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
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/
Disclaimer: Stockhouse User Quinlash holds positions in HEXO and recommends HEXO as a BUY and HOLD stock for investors seeking a cannabis play with US Exposure and have a minimum of a 1 to 2 year hold time.