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HEXO Parts Ways with CEO & COO

Stockhouse Editorial
1 Comment| October 18, 2021

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(Image via HEXO Corp.)

Click to enlargeBreaking news from HEXO Corp. (TSX: HEXO, Forum) on Monday morning.

The licensed cannabis producer announced that it has parted ways with Sebastien St-Louis (pictured above), its Co-Founder and Chief Executive Officer, effective immediately, as the company undergoes what it calls "a strategic reorganization".

In a media release on this news, Dr. Michael Munzar, Chair of the Board, said that through his years of dedication, St-Louis helped build HEXO into a market leader in Canada.

“The Board has established a Special Committee for Succession to identify a new CEO with the experience to defend HEXO's position as a market leader in Canada and secure our place as a top-three global cannabis company.”

There is already a special board committee that the company says is in advanced discussions with a preferred CEO candidate and expects to make an announcement in the coming days.

It was just this past Thursday when he spoke at MJBizCon. We will have more on this as it develops.

HEXO’s Chief Operating Officer, Donald Courtney also resigned, but will remain in his role until a replacement is found.



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