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.

Shareholders give the nod to a potentially beneficial acquisition...which also happens to be rather expensive.

Why Hexo Stock Got Higher Before Leveling Out Wednesday

OTTAWA, Aug. 25, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NASDAQ: HEXO) is pleased to announce that at its meeting of shareholders held earlier today (the "Meeting"), holders ("Shareholders") of common shares of HEXO ("Common Shares") showed their overwhelming support 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”) in exchange for $400 million to be paid in cash in addition to the issuance of 69,721,116 Common Shares (the “Consideration Shares”), subject to certain customary adjustments. A total of 28,969,378 Common Shares (approximately 19% of the issued and outstanding Common Shares) were represented at the Meeting in person by virtual attendance or by proxy.

HEXO Corp.'s Shareholders Overwhelmingly Approve Redecan Transaction and Senior Secured Convertible Note Financing Share Reserve

OTTAWA, Aug. 24, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NASDAQ: HEXO) today announced the closing of its previously announced underwritten public offering (the “Offering”) for total gross proceeds to the Company of US$144,786,070.80. The Company sold 49,080,024 units of the Company (the “Units”) at a price of US$2.95 per Unit under the Offering, including 1,622,396 Units sold pursuant to the partial exercise of the underwriters' over-allotment option.

HEXO Corp. Closes US$144.8 Million Underwritten Public Offering

Cannabis producer HEXO Corp (TSX:HEXO) (NASDAQ:HEXO) debuted on the Nasdaq Capital Market on Tuesday. Based in Ottawa, the company completed the transfer of its stock exchange listing to the NASDAQ from the New York Stock Exchange.

HEXO's Stock Continues To Drop After Switching To NASDAQ

OTTAWA, Aug. 24, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NASDAQ: HEXO) today announced that the previously announced transfer of its stock exchange listing to the Nasdaq Capital Market ("Nasdaq") from the New York Stock Exchange is complete. The Company's common share will begin trading as a Nasdaq-listed security at market open today, August 24, 2021. Current retail and institutional investor shares will automatically be transferred over to Nasdaq. Current shareholders are not required to take any action.

HEXO to Begin Trading on the Nasdaq

HEXO announced a surprisingly large equity offering causing the stock to collapse. The company sold at least 47.5 million units at just $2.95 per share while the stock traded above $7 as recently as June.

HEXO: Cheap, But Integration Risk Is Concerning

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Last week, HEXO Corp. (TSX:HEXO) (NYSE:HEXO) announced the pricing of a previously announced overnight marketed public offering of its 47.46 million units at a price of $2.95 per unit. The Canadian cannabis producer said it plans to utilize the total proceeds of $140 million from the offering to fund the purchase price payable to the Redecan shareholders on the closing of the acquisition and for expenditures related to its U.S. expansion plans.

Will Cannabis Producer HEXO Stock's Rerate Over Time Despite Plunge In Price?

Today, an announcement by Hexo that it intends on raising $140 million by tapping equity markets again has sent HEXO stock lower. The post HEXO Stock: Why Hexo Shares Are Taking a Huge Hit Today appeared first on InvestorPlace.

HEXO Stock: Why Hexo Shares Are Taking a Huge Hit Today

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HEXO Corp (TSX:HEXO) (NYSE:HEXO) announced Friday the pricing of a previously announced overnight marketed public offering of its 47.46 million units at a price of $2.95 per unit. The total proceeds from the offering amount to $140 million before deducting underwriting commissions and offering expenses.

HEXO Stock Plunges On $140M Public Offering Announcement Ahead Of Transfer To NASDAQ

The company announced the pricing of a new share offering.

Why Hexo Shares Crashed on Friday

HEXO Corp (NYSE: HEXO) shares are trading lower by 20% at $2.56 after the company announced a proposed public offering. HEXO says the underwriters for the offering have agreed to purchase 47,457,628 units at a price of US$2.95 per unit for total gross proceeds to the company of approximately US$140 million, before deducting underwriting commissions and offering expenses.

Why HEXO's Stock Is Getting Hammered Today

The U.S.-listed shares of Hexo Corp. HEXO, -5.88% tumbled 18.4% in premarket trading Friday, after the Canada-based cannabis company announced the pricing of its previously announced public share offering, in which the company raised $140 million. The company said it sold 47.46 million units in the offering, consisting of one share of common stock and one half of one common share purchase warrant, at $2.95 per unit.

Hexo stock tumbles after $140 million share offering pricing

OTTAWA, Aug. 20, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced the pricing of its previously announced overnight marketed public offering (the "Offering") of units of the Company (the "Units"). The underwriters for the Offering have agreed to purchase 47,457,628 Units at a price of US$2.95 per Unit for total gross proceeds to the Company of approximately US$140 million, before deducting underwriting commissions and Offering expenses.

HEXO Corp. Announces US$140 Million Public Offering

The company embarks on yet another round of capital raising.

Why HEXO Shares Took a Tumble on Thursday

OTTAWA, Aug. 19, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it will be filing a preliminary prospectus supplement (the "Preliminary Supplement") to its amended and restated short form base shelf prospectus dated May 25, 2021 (the "Base Shelf Prospectus") relating to a proposed overnight marketed public offering (the "Offering") of units of the Company (the "Units").

HEXO Corp. Announces Proposed Public Offering

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OTTAWA, Aug. 18, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) is pleased to announce that the leading independent proxy advisors, Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), have recommended that shareholders of HEXO ("Shareholders") vote FOR the Transaction Resolution and FOR the Financing Resolution, in advance of the upcoming Meeting of Shareholders to be held on August 25, 2021. The meeting is being held in connection with HEXO's definitive share purchase agreement (the “Share Purchase Agreement”) to acquire all of the outstanding shares of the entities that carry on the business of Redecan, Canada's largest privately-owned licensed producer, for a purchase price of $925 million (the “Transaction”). The Transaction will create the Canadian market leader in adult-use sales.

Leading Independent Proxy Advisors ISS and Glass Lewis Support Transaction Between HEXO and Redecan Shareholders, Recommend HEXO Shareholders Vote FOR the Transaction Resolution and Financing Resolution

OTTAWA, Aug. 16, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) is pleased to announce that it is expanding its global leadership team with the appointment of Valerie Malone as Chief Commercial Officer, effective September 6, 2021.

HEXO expands its global leadership team with the appointment of Chief Commercial Officer

The Canadian cannabis giant, HEXO Corp (NYSE: HEXO) (TSX: HEXO), announced on Friday that it has applied to transfer its U.S. stock exchange listing from the New York Stock Exchange to the Nasdaq. Though the transfer remains subject to the approval of the Nasdaq, the Ottawa-based cannabis producer expects the transfer to take place effective Aug. 23, 2021, after market close, with common HEXO shares to begin trading as a Nasdaq-listed security on August 24, 2021.

Canadian Cannabis Producer HEXO Corp. Applies To Transfer Its US Stock Exchange Listing To The Nasdaq

The Canadian cannabis giant, HEXO Corp (NYSE: HEXO) (TSX: HEXO), announced on Friday that it has applied to transfer its U.S. stock exchange listing from the New York Stock Exchange to the Nasdaq. Though the transfer remains subject to the approval of the Nasdaq, the Ottawa-based cannabis producer expects the transfer to take place effective August 23, 2021, after market close, with common HEXO shares to begin trading as a Nasdaq-listed security on August 24, 2021.

Canadian Cannabis Producer HEXO Corp. Applies To Transfer Its U.S. Stock Exchange Listing To The Nasdaq

OTTAWA, Aug. 13, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) announced today it has applied to transfer its U.S. stock exchange listing from the New York Stock Exchange to the Nasdaq. While this transfer remains subject to the approval of the Nasdaq, the Company expects the transfer to occur effective August 23, 2021 after market close. Common shares of HEXO are expected to begin trading as a Nasdaq-listed security on August 24, 2021, with the shares continuing to trade under the symbol “HEXO”.

HEXO to transfer U.S. stock exchange listing to Nasdaq

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