HEXO Corp

HEXO Corp. engages in the provision of cannabis and cannabis products. The company was founded by Sébastien St. Louis and Adam Miron on October 29, 2013 and is headquartered in Gatineau, Canada.

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Hydropothecary is a licensed producer of medical marijuana under Health Canada’s Access to Cannabis for Medical Purposes Regulations.Their leadership team brings proven scientific, financial, regulatory and entrepreneurial expertise to the rapidly evolving Canadian medical marijuana industry.Hydropothecary is an award-winning medical cannabis producer located on a 143-acre farm in Gatineau, Quebec, in the National Capital Region. Their focus is on product innovation, advanced natural growing techniques, client health and safety, and exceptional customer service. They take their commitment to customers seriously, offering exceptional packaging, courier delivery in Canada (Saturdays where available) and their bilingual, 24-hour customer service.

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Welcome back to our weekly series, Schaeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks and look ahead to how the cannabis industry continues to shape up in 2021.

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Cannabis giant HEXO Corp (TSX:HEXO) (NASDAQ:HEXO) announced that it has achieved its goal to become 100% carbon neutral by September 2021 by offsetting the company's operational carbon emissions including the personal emissions of all of its 1200 employees. To do so, the Ottawa-based cannabis producer partnered with Offsetters, a leading provider of sustainability and carbon-management solutions that helps companies reduce and offset their environmental impacts.

HEXO Goes Greener As It Becomes 100% Carbon Neutral, Urges Rest Of Cannabis Industry To Follow

Ottawa-based HEXO Corp achieved carbon neutrality by offsetting 25,965 tons of carbon, which is equivalent to more than three-and-a-half million plastic bottles. Michigan lawmakers are not convinced about medical marijuana caregivers growing their own;

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Company offsets 25,965 tonnes of carbon and the equivalent of 3.55 million plastic bottles Company offsets 25,965 tonnes of carbon and the equivalent of 3.55 million plastic bottles

HEXO Achieves Carbon Neutrality

OTTAWA, Sept. 15, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NASDAQ: HEXO) today announced that management will participate in Citi's 5th Annual Consumer Disruptive Growth Conference. Sebastien St-Louis, Chief Executive Officer, will participate in the “Insider Perspectives on the CBD and Cannabis Landscape” panel on September 21, 2021 at 11:20 a.m. ET.

HEXO to participate in Citi's 5th Annual Consumer Disruptive Growth Conference

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Cipher Pharms Inc (OTC:CPHRF) shares closed up 11.91% at $1.89 with an estimated market cap of $50.1M. Body and Mind (OTC:BMMJ) shares closed up 8.82% at $0.5 with an estimated market cap of $54.1M.

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As COVID-related restrictions begin to ease across the globe, some industries are feeling the benefits more than others. When it comes to Canadian recreational cannabis sales, new Hifyre scanner data reveals a 10% improvement sequentially, noted Cantor Fitzgerald's Pablo Zuanic in his latest industry report.

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HEXO Corp. (TSX:HEXO) (NASDAQ:HEXO) and 48North Cannabis Corp. (TSXV:NRTH) announced Wednesday that they have completed the previously announced arrangement pursuant to which HEXO has acquired all of the issued and outstanding common shares of 48North. The all-stock deal was previously valued at $50 million.

HEXO Completes $50M Acquisition Of 48North Cannabis On Heels Of $925M Redecan Acquisition

OTTAWA and TORONTO, Sept. 01, 2021 (GLOBE NEWSWIRE) -- HEXO Corp. ("HEXO") (TSX: HEXO; NASDAQ: HEXO) and 48North Cannabis Corp. ("48North") (TSX-V: NRTH) are pleased to announce that they have completed the previously announced arrangement (the "Arrangement"), pursuant to which HEXO has acquired all of the issued and outstanding common shares of 48North ("48North Shares") by way of a court-approved plan of arrangement under the Canada Business Corporations Act.

HEXO and 48North announce closing of arrangement

Cantor Fitzgerald issued a new report on Hexo Corp. (TSX:HEXO) (NASDAQ:HEXO) after the company announced the $925 million acquisition of Redecan , Canada's largest privately-owned licensed producer. Analyst Pablo Zuanic maintained a Neutral rating but increased the 12-month price target to CA$3.45 ($2.73) from CA$3.40 ($2.70) after tweaking pro forma estimates.

$925M Acquisition Of Redecan Could Create A Brighter Future For Hexo Corp.

HEXO Corp (TSX:HEXO) (NASDAQ:HEXO) announced Monday the completion of the previously announced $925 million acquisition of Redecan, Canada's largest privately-owned licensed producer. At closing, HEXO paid the selling shareholders of Redecan $400 million in cash (subject to certain customary closing adjustments) and delivered 69.7 million newly issued common shares of HEXO.

Hexo Completes $925M Redecan Acquisition On Its 'Path Towards Positive EPS'

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OTTAWA, Aug. 30, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NASDAQ: HEXO) is pleased to announce completion of the previously announced acquisition of all of the outstanding shares of the entities that carry on the business of Redecan, Canada's largest privately-owned licensed producer (the “Transaction”). At closing, HEXO paid the selling shareholders of Redecan $400 million in cash (subject to certain customary closing adjustments) and delivered 69.7 million newly issued common shares of HEXO (the “Consideration Shares”).

HEXO announces closing of Redecan transaction

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A new arrival will soon enter the company's C-suite.

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HEXO Corp (TSX:HEXO) (NASDAQ:HEXO) reported Wednesday that its shareholders approved the previously announced acquisition of family-owned Canadian cannabis producer Redecan. In exchange, the Ottawa-based company agreed to pay $400 million in cash in addition to the issuance of 69,721,116 common shares at $7.53 per share, bringing the total consideration to $925 million.

HEXO's Stock On Rise Again As Shareholders Approve Redecan Acquisition

OTTAWA, Aug. 26, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NASDAQ: HEXO) is pleased to announce that it has appointed Guillaume Jouët as Chief People & Culture Officer, effective September 8, 2021.

News for HEXO Corp Stock (HEXO)