The purpose of the meeting was reportedly to discuss the possibility of providing assistance to HEXO, in the wake of a negative report from the external auditor PwC.
This report, released at the end of October, expressed "substantial doubt about [HEXO's] ability to continue operating."
“Minister Fitzgibbon has met with President HEXO over the past few weeks. The subject of the minister's meetings remains confidential, ”Mathieu St-Amand, press secretary of the minister told us yesterday by email.
“As the only major cannabis producer headquartered in Quebec, HEXO speaks with government officials on a number of topics in the normal course of business. We do not disclose the nature of these meetings, ”responded a spokesperson for HEXO.
According to our information, Quebec has also contacted potential investors outside the government to test their interest in betting with him on HEXO. However, the response from the latter has been mixed due to valuations currently considered excessive for many companies in the cannabis industry. The Legault government has therefore decided not to embark on the adventure for the moment.
When contacted, the Caisse de dpt et placement and the Fonds de solidarit FTQ both told us that they did not want to comment on private discussions that may or may not have taken place