quinlash wrote: Foreword: The following summary has been compiled using HEXO Corp, Truss Beverges, TrussCBDusa, Molson-Coors and Tilray Brands News Releases as well as statements made during numerous interviews involving HEXO Corp. Links are provided within this post in support of each portion of the summary (see links section below). Every effort has been made to ensure the accuracy and completeness of this post regarding HEXO Corp. Revisions are made as news develops or errors and omissions are discovered. As always, ensure you Do Your Own Due Diligence (DYODD). Links supporting the summary section have been highlighted in YELLOW.
HEXO Corp 2021 SUMMARY (Current as of April 9, 2022)
HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market. The Company serves the Canadian adult-use markets under its HEXO, HEXO Plus, Up, Original Stash and Bake Sale brands and the medical market under HEXO medical cannabis. As one of the largest licensed cannabis companies in Canada, HEXO Corp operates with 2 million sq. ft of facilities in Ontario and Quebec with approximately 1200 employees on staff.
HEXO Corp partnered with Molson-Coors in 2018 to initiate the development and sale of Cannabis Infused Drinks for the Canadian Market with product hitting the shelves in the summer of 2020, later in the same year, HEXO Corp and Molson-Coors initiated sales into the United States through a 2nd Joint Venture (JV) for the sale of infused drinks into the state of Colorado. Drinks are provided through Truss Beverages in Canada and TrussCBDusa in the United States. A third JV was formed with BedFellows Arts for drinks in Nov of 2021 with these drinks actively being sold within both Canadian and US markets. Within the past 2 years Molson-Coors also partnered with for Coke to produce alcohol drinks as well as Dwayne Johnson “The Rock” to produce the Zoa Energy Drink product line.
In total HEXO Corp and Truss tout four international supply agreements with products available in 17 US States as well as active supply agreements in place with Israel, Australia and South Africa. Efforts are reported as being on-going (or proposed) to initiate sales into both Germany and Poland.
In 2021 HEXO Corp acquired three other Canadian Cannabis Companies; Zenabis Global, 48 North and finally Redecan. Redecan had been a Privately held company and was, by far, the largest of the three acquisitions by the company. Redecan is a leader in the sale of pre-rolls but also carries Cannabis Capsules, Gummies, Oils and Vapes. Both Zenabis and Redecan products are carried by Shopper’s DrugMart, a Nation-wide chain of drug stores within the Canadian Market and is considered one of the largest (and most profitable) Canadian producers of pre-rolls.
As of Sept 2, 2021, all three acquisitions were approved by shareholders with the three companies now rolling up under the HEXO Corp umbrella. The new additions to HEXO Corp added production capacity but most notably a host of new product lines and market share covering everything from Edible Gummies and Pre-Rolls to Health and Beauty Products. According to HEXO Corp these additions place the operation in competition with Tilray Brands for the Number 1 Position within Canada based on recreational cannabis sales and taking lead over competitors such as Canopy Growth and Aurora Cannabis (Refer to HEXO Corp Q1 – The Path Forward Presentation).
In May 2021, the company announced the acquisition of a production facility in Colorado and noted that this would be undergoing upgrades to produce products for 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. Revenue will be made through the sale of these Cannabis 2.0 products as well as royalty payments for the use of HEXO’s patents.
During an interview at the 2021 Canaccord Conference the former CEO disclosed that HEXO signed a new Consumer Packaged Goods (CPG) Fortune 200 partner. Food products were noted during the interview and that these new products would be tested in the Province of Quebec, additional details regarding US Expansion as well as the introduction of Redecan Pre-Rolls into the US Market were discussed in the same interview. At this time HEXO Corp has yet to formally comment on the F-200 through a Press Release. In January of 2022 HEXO Corp Investor Relations once again confirmed that a Fortune 200 Partner is indeed in place however that HEXO Corp is under a Non-Disclosure Agreement (NDA) at this time and cannot release any further details. Popular speculation as to who the Fortune 200 Partner is includes: Kellogg’s Canada (due to Kellogg’s location being next door to the HEXO Bellville Facility), Mondolez (the maker of Oreo Cookies) as well as Kraft Foods. Again, nothing formal has been released to the market therefore it is unknown if the deal is real or still in the works and pending notice to the Market.
Oct 20, 2021 the Founding Father of the Company, Sebastien St-Louis (aka SSL), and then CEO was reported as having stepped aside as part of a strategic restructuring. Mr. St-Louis was succeeded by the CEO of Truss Beverages, Scott Cooper, who originally joined Truss Beverages from Molson-Coors. Mr. Cooper’s new role as President and CEO of HEXO Corp was made official on Nov 19th, 2021.
Nov 9th, 2021, the Company disclosed that it will be selling off the components of Zenabis Global as well as 48 North that are not necessary for HEXO Corp to achieve its longer-term objectives. HEXO Corp noted that much of the production capacity needed to support the operation will be addressed through its state-of-the-art automated facility in Belleville, Ontario.
On Dec 14th, 2021 the company produced its 2022 Q1 QTR report which included three months of sales from Zenabis Global along with two months of sales from both 48 North and Redecan. The report produced yet another historical high in sales for the company over previous QTR numbers as well as the one year prior numbers. Along with the report Price-Waterhouse produced an audit report (available on www.sedar.com) that noted a concern with the company being able to address it’s 2023 debentures issued to secure funding needed for the Redecan acquisition.
The new CEO of HEXO Corp has implemented a new Path Forward plan that will refocus the company on more organic growth as well as bring new attention back to the sale of high-margin Medical Cannabis products. Early in March of 2022 Tilray Brands and HEXO Corp announced that the two companies would be forming a partnership, expected to close in May of 2022, along with a deal where in Tilray Brands will assume ownership of HEXO Corp’s debenture debt and thereby removing a substantial amount of cost, and risk, associated with carrying the associated debt of the debentures. As part of the partnership the two companies will be consolidating some of Tilray’s production into HEXO’s facilities with both companies collaborating together on new Product Developments.
January of 2022, HEXO Corp issued a Press Release noting that, due to the low share price of its common shares, it may be called upon to perform a share consolidation (aka Reverse Split) in order to move the share price back above $1 USD in order to comply with the minimum share price requirements of the NASDAQ. No exact timing has been provided for this however the company did note July 25, 2022 as a date when they can apply for a 180 day extension bringing the latest possible date out to January of 2023.
Latest speculation on US Cannabis legalization appears to be focused on April 20th (4:20), 2022 with the passing of the MORE Act by US Senate. Speculation on the ACT passing into law is mixed with legalization being a long overdue commitment by the Biden administration. Legalization has likely seen many delays likely due to the Federal Government’s focus on Covid 19 in 2020 and 2021 as well as larger economic concerns and foreign conflicts such as Afghanistan and the Ukraine. Advocates for legalization point to the economic benefits and job creation as well as the on-going injustices of those convicted of cannabis related crimes.
COMPANY PRESENTATIONS AND INTERVIEWS (HEXO, TILRAY)
HEXO Virtually Rolls out New Belleville Facility
HEXO Video Library Showing Inside the Operation
Powered By HEXO Summary (Patented Technology)
(Mar 4, 2022) Tilray Brands – HEXO Corp. Strategic Alliance Webcast
(Mar 4, 2022) BNN Bloomberg Interview with Tilray CEO Regarding HEXO Deal
(Mar 3, 2022) Tilray + HEXO Partnership Presentation
(Jan 18, 2022) Revised Investors Deck – THE PATH FORWARD
(Oct 5, 2021) – AGP’s Virtual Fall Consumer MJ Conference (HEXO CEO)
(Sept 10, 2022) Tilray Chairman And CEO, Irwin D. Simon, Sends Shareholder Letter Mapping Out $4B Revenue Plan
(Sept 1, 2021) This is BIG – Splash Video
(Aug 20, 2021) – BNN Interview with HEXO CEO regarding US Expansion
(Aug 10, 2021) Former CEO Fireside Chat at 2021 Cannacord Conference (New F-200 CPG Partner Signed)
Comments include:
- Product testing on-going in Quebec, longer term to be expanded into US
- Cross border consolidation to be expected with US Federal Cannabis Legalization
- HEXO planning to work with local state suppliers and Multi-State Operators (MSOs)
- HEXO to be a US manufacturer
HEXO products available in the US include VeryWell beverages, Verywell Drops, in Jan HEXO to expand to select states and supply Redecan Reddies and Gelcaps
- Expansion of Redecan products in Quebec
- 60% of Canadian Retail stores carry HEXO products
- High levels (85%) for rebuy rate on HEXO / Truss CBD infused drinks
- Canada a 4 Billion Dollar Market today, US Market also expanding
- (Min 7:25) HEXO about to launch with Fortune 200 Food Company
- HEXO largest Cannabis LP by sales with 1 10th the Marketcap to competitors
Additional Link -> (Jan 17, 2022) PoW Group YouTube Video showing HEXO Corp Investor Relations Confirming Fortune 200 Partnership in Place with HEXO Corp under Non-Disclosure Agreement
(June 16, 2021) Cantor Fitzgerald Fireside Chat with HEXO CEO Sebastien S.L. & CFO Trent M.
(June 12, 2021) HEXO CEO on BNN
(June 11, 2021) Interview with HEXO CEO
Comments include:
- HEXO already in the US and selling product
- 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
- Discussion regarding distribution of product overseas through Molson sales channels
(May 28, 2021) CNN Interview with HEXO CEO Regarding Redecan Acquisition (Video)
(May 28, 2021) HEXO + Redecan (Splash Video)
https://www.youtube.com/watch?v=zHwI9ZnNCXY
Additional Link – Redecan Products carried by Shoppers Drugmart
(May 20, 2021) BMO Capital Markets 16th Annual Farm to Market Conference – Video Interview with HEXO CEO and CFO
Video Highlights (min:sec):
Expansion of product line in order to approach larger partner
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
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) 2nd 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
2021 ICR Presentation with HEXO CEO (discussion on US expansion into Colorado and beyond)
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”
HEXO, MOLSON-COORS and TILRAY NEWS RELEASES:
NOTE: A complete list of all HEXO Corp Press Releases is located on the HEXO Homepage.
https://www.hexocorp.com/press-releases/
NOTE on New Product Releases: HEXO Corp appears to favor releasing news of New Product rollouts via LinkedIn. Investors are recommended to follow HEXO Corp on LinkedIn in order to be current on new Product Rollouts.
(Apr 5, 2022) TILRAY - Solei Brand Launches the First Cannabis Edible Available in Quebec
(Mar 14, 2022) HEXO Announces High Trail Waives Event of Default Under Secured Note
(Mar 9, 2022) HEXO Announces Election of Directors
(Mar 3, 2022) HEXO and Tilray Brands Agree to Create Strategic Alliance Bringing Together Two Canadian Cannabis Leaders
(Mar 3, 2022) TILRAY PRESS RELEASE: Tilray Brands Announces Proposed Agreement for Strategic Alliance With Hexo Corp.
(Feb 22, 2022) HEXO Announces Refreshed Board of Directors; Reaches Agreement with Adam Arviv
https://www.globenewswire.com/news-release/2022/02/22/2389512/0/en/HEXO-Announces-Refreshed-Board-of-Directors-Reaches-Agreement-with-Adam-Arviv.html
(Feb 9, 2022) HEXO Provides Update on "The Path Forward"; Identifies $15 Million in Cost Savings
(Jan 31, 2022) HEXO Provides Nasdaq Listing Update
(Jan 25, 2022) HEXO Provides Update on "The Path Forward"; Maintains #1 Position in Canada and Announces Redecan Product and Market Expansion
(Jan 25, 2022) Molson Coors Enters Exclusive Agreement With The Coca-Cola (Coke) Company to Launch New Brand Inspired by Simply® Juices in the Alcohol Aisle
(Jan 5, 2022) HEXO Announces the Appointment of a New Board Member and Acting CFO
(Dec 14, 2021) HEXO Announces Appointment of John K. Bell as Chair of Board of Directors
(Nov 19, 2021) HEXO Announces Changes to its Board of Directors
(Nov 9, 2021) HEXO Provides Integration Update
Note: The above News Release details the disposal of facilities and staff reductions found to be unnecessary to fulfill the companies longer term business objectives.
(Nov 4, 2021) Redecan Expands Their Redees Line-Up with New Strains, More Bud and Holiday Spirit
(Nov 1, 2021) Truss Beverage Co. Expands into Partnerships with First Collaborative Brand, Bedfellow Liquid Arts
(Oct 20, 2021) HEXO Announces Scott Cooper as President & CEO
(Oct 12, 2021) Molson Coors and The Coca-Cola Company Expand Offering to Bring Topo Chico Hard Seltzer® to Canada
(Oct 6, 2021) Truss CBD USA, A Molson Coors And HEXO Corp Joint Venture, Expands Veryvell™ CBD Beverages Semi-Nationally
Note: Expansion into 17 US States
Additional Link (Article) – Oct 11, 2021 Molson Coors, HEXO Corp Serve Up CBD Sparkling Water in More States
(Sept 16, 2021) HEXO Achieves Carbon Neutrality
(Sept 15, 2021) HEXO to participate in Citi’s 5th Annual Consumer Disruptive Growth Conference
(Sept 1, 2021) HEXO and 48North announce closing of arrangement
(Aug 30, 2021) HEXO announces closing of Redecan transaction
(Aug 26, 2021) HEXO appoints Chief People & Culture Officer
(Aug 24, 2021) HEXO Corp. Closes US$144.8 Million Underwritten Public Offering
(Aug 25, 2021) HEXO Corp.’s Shareholders Overwhelmingly Approve Redecan Transaction and Senior Secured Convertible Note Financing Share Reserve
(Aug 24, 2021) HEXO to Begin Trading on the Nasdaq (Move from NYSE)
(Aug 16, 2021) HEXO expands its global leadership team with the appointment of Chief Commercial Officer
(July 14, 2021) HEXO provides update on Redecan acquisition
(June 28, 2021) HEXO Corp formalizes its US presence with acquisition of production facility in Colorado
Additional Link: News Article Showing the Actual Facility
Additional Link: (MJ Biz Daily) – Notes on cost of purchase as well as upgrades
NOTE: The purchase of the facility is noted as being apx $6 Million with upgrades expected to cost in the range of $16.5 to $49.5 Million.
(June 9, 2021) HEXO Corp wins dismissal of NY state court shareholder class action
(June 8, 2021) HEXO Corp commits to ESG leadership, starts by offsetting 100% of carbon emissions and plastic packaging
Note: As per the 2021 Year end MD&A Report, HEXO Corp entered into an agreement with Offsetters, a Vancouver-based organization that supports renewable energy and carbon projects across the world, and became carbon neutral in September 2021, as well as offseting 100% of the Company’s operational carbon emissions in addition to the personal emissions of our 1,200 employees.
(June 1, 2021) HEXO Corp. and Zenabis Global Inc. Announce Closing of Arrangement
(May 28, 2021) HEXO Corp announces acquisition of Redecan to create Canadian market leader in adult-use sales
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
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.
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
(May 14, 2021) HEXO Corp announces US production facility in Colorado
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 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
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
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.
Note: REQ has worked with such companies as eBay, MasterCard and Amazon.
Direct Link to REQ Marketing Website (Companies they have worked with)
(May 11, 2021) HEXO Corp Announces At-the-Market Offering of up to C$150,000,000
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
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
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
(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
(Apr 8, 2021) HEXO’s Partner Molson Coors Nominates Julia M. Brown as an Independent Director to Join Its Board of Directors
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
(Mar 26, 2021) – HEXO CFO Trent McDonald Hosts Reddit Ask-Me-Anything (AMA) Session
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)
(Feb 22, 2021) – HEXO and Namaste Tech Sign Agreement for New Product Releases
(Feb 16, 2021) HEXO Corp. to acquire Zenabis Global Inc.
(Jan 13, 2021) Truss CBD USA, a HEXO Corp and Molson Coors joint venture, launches Veryvell sparkling CBD water in Colorado
(Jan 12, 2021) Dwayne ‘The Rock’ Johnson partners with Molson Coors for nonalcoholic energy drink
FINANCIALS AND QUARTER REPORTS
Foreword: Links to the trailing five Quarter Reports are provided below. Visit the HEXO homepage and / or www.Sedar.com for detailed information. HEXO’s 2022 Q3 report is due out by June 14th, 2022.
HEXO - Investor Relations Homepage - Quarter Reports and MD&A Reports (Also see www.sedar.com for more details)
2022 Quarter 2 Report
(Mar 18, 2022) HEXO Reports Second Quarter 2022 Results, Embarks on Transformative Plan
(Mar 18, 2022) 2022 Quarter 2 Earnings Call Transcript
(Mar 18, 2022) 2022 Q2 HEXO Corp. Condensed Interim Consolidated Financial Statement
2022 Quarter 1 Report
(Dec 14, 2021) HEXO Reports First Quarter 2022 Results and Launches New Strategic Plan, “The Path Forward” to Solidify its Position as Canada’s Leading Cannabis Company
(Dec 14, 2021) HEXO 2022 Q1 Earnings Call Transcript
(Dec 14, 2021) - HEXO 2022 Q1 Earnings Call - Audio Recording
2021 Quarter 4 / Year End Report
(Oct 29, 2021) HEXO Corp Reports Fourth Quarter Fiscal 2021 Financial Results
(Oct 29, 2021) Forth QTR Earnings Call Transcript
2021 Quarter 3 Report
HEXO Corp Reports Third Quarter Fiscal 2021 Financial Results
(June 14, 2021) – Audio file of HEXO 2021 Q3 Earnings Call
2021 Quarter 2 Report
(March 3, 2021) HEXO Corp announces positive adjusted EBITDA and 94% increase in net revenue from prior year (2021 Q2 Report)
2021 Quarter 1 Report
(Dec 14, 2020) HEXO Corp Reports First Quarter Fiscal 2021 Financial Results (2021 Q1 Report)
(Oct 29, 2020) HEXO Corp Reports Financial Results for the Fourth Quarter and Fiscal Year 2020 (2020 Year End / Q4 Report)
HEXO EARNINGS CALL TRANSCRIPT LIBRARY
NOTABLE NEWS FROM 2020 AND EARLIER
(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. This occurred during Covid while the entire Cannabis Sector was largely being ignored due to the pandemic.
(July 9, 2020) HEXO established a Medical Cannabis Supply contract with Israel
(April 15, 2020) Molson Coors and HEXO Corp Expand Partnership with Joint Venture in Colorado
(Sept 29, 2020) Molson Coors to Bring Coke’s Alcoholic Topo Chico to U.S.
(Aug 31, 2020) Zenabis Announces First Shipment to Australia
(Oct 31, 2019) Molson Coors drops ‘Brewing Co’ from its name as it looks beyond beer
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.
(Oct 4, 2018) Molson Coors Canada and HEXO Launch Truss
Warrants
HEXO has several warrants available with some trading under ticker symbols from the companies it acquired. These include: NewStrike Brands, Zenabis Global and 48 North. Actual ticker symbols and calculated present day values of these warrants can be found on The Canadian Warrants Website.
Canadian Warrants Website
Research Links:
Canadian Cannabis Tier 1 Index List (Top Revenue Companies)
Press Release Library; HEXO, NewStrike Resources, and Zenabis Global
HEXO – Institutional Ownership Information
HEXO – Insider Trading Information
HEXO - Price to Sales Ratio Data
HEXO Historical Daily Shareprice Data
HEXO Live Trading Link for Extended Hours Trading (Stated in US Dollars)
Daily Exchange Rate Table (Bank of Canada)
HomePage Links