Two and a Half Years Later....nothing's changed. (expecpt the CFO named has resigned about 6 months later)
This press release could have been released last week and no-one would know the difference.
The last sentence talks about Hexo taking a 'significant portion' of US hemp sector?
That's hilarious given Truss CBD USA BUYS Colorado hemp from local suppliers - including Columbia Care and Vilage Farms - and they also dont actually produce Truss beverages, production is farmed out until they get the $75 million quonset renovated - in about two years from now. GATINEAU, Quebec, May 28, 2019 (GLOBE NEWSWIRE) — HEXO Corp. (TSX: HEXO) (NYSE-A: HEXO) is formalizing its US presence with the appointment of Michael Monahan as Chief Financial Officer (CFO) and the establishment of HEXO USA Inc. HEXO Corp is creating innovative, easy-to-use, branded products that which will offer consumers consistent cannabis experiences.
“I have been touring the US to meet with current and potential investors and to tell the HEXO story. We’ve been sharing our vision and plans to operate in legal markets in the US to provide legal cannabis experiences powered by HEXO,” said Sebastien St-Louis, CEO, and co-founder of HEXO Corp. “Onboarding a US-based CFO of Michael’s caliber and establishing HEXO USA Inc. are real steps towards bringing the HEXO experience to the US.”
The Canadian Company is one of the largest licensed cannabis companies in Canada, operates with 1.8 million sq. ft of facilities in Ontario and Quebec and has a foothold in Greece to establish a Eurozone processing, production, and distribution centre. Known for its partnership with Molson Coors Canada to create Truss which will produce cannabis-infused beverages for the Canadian legal market, the Company has developed a hub and spoke business model which sees it partner with Fortune 500 companies in various product categories. Fortune 500 companies can take advantage of HEXO Corp’s secured supply of hemp-derived CBD, extensive research and development funding, intellectual property profile, licensed infrastructure, regulatory know-how, and wide distribution networks. With the passing of the Farm Bill to allow CBD extraction from hemp, HEXO Corp is well-positioned to seize a significant portion of market share in the US.