Gatineau pot producer Hexo gets green light to trade on U.S. exchange

Hexo chief executive Sébastien St-Louis
Hexo chief executive Sébastien St-Louis.

Gatineau’s Hexo (TSX:HEXO) is heading south of the border to seed its growth with some American capital.

The cannabis producer announced Thursday that it’s been cleared to trade on the NYSE American, the small-cap version of the New York Stock Exchange.

The firm is slated to begin trading on Jan. 23 under the same symbol it holds on the Toronto Stock Exchange, HEXO.

Chief executive Sébastien St-Louis told OBJ last year that the company planned to pursue a listing on a United States exchange in order to expose the cannabis firm to American institutional investors.

Shares of Hexo were up 3.5 per cent in trading on the TSX Thursday, closing the day around $6.42. The firm has had a stellar first couple of weeks to the year, with stock prices up nearly 32 per cent since the end of 2018.