Truss Beverage Co.

New Hexo CEO opens up about push to overhaul cannabis business after turmoil

Ottawa

CEO Charlie Bowman has already deepened his predecessor’s cuts and begun backing away from certain products, but he insists the moves are for a good

Truss CEO expecting ‘summer of cannabis-infused beverages’ after category’s rocky debut

Eastern Ontario Business Journal

Dave Schlosser’s optimism comes amid the lifting of mask mandates, capacity restrictions and other health measures that cut into gatherings where consumers might have kicked

Hexo to streamline operations by closing Belleville facility, affecting 230 employees

Eastern Ontario Business Journal

Hexo says the Truss Beverage operations – a joint venture with Molson Coors Canada – are not affected by this change and will continue to

Cannabis company Tilray Brands strikes deal to buy stake in Hexo, create joint venture

Ottawa

Under the agreement announced Thursday, Leamington-based Tilray will acquire up to US$211 million of senior secured convertible notes that were issued by Gatineau-based Hexo.

Hexo unveils expected savings from strategic plan, facility reconfiguration

Ottawa

Cannabis firm says its plan, which was unveiled last month after its debts mounted and its co-founder left the business, will deliver about $175 million

Hexo auditor raises ‘substantial doubt’ about company as it reports Q4, fiscal 2021 losses

Ottawa

PricewaterhouseCoopers said its recent review of the Ottawa-based cannabis business showed that Hexo did not maintain effective internal control over financial reporting.

Hexo names food and beverage industry veteran Cooper new CEO

Ottawa

Move comes just two days after co-founder and former chief executive Sebastien St-Louis abruptly departed the Ottawa cannabis company.

Surging beverage sales help boost pot producer Hexo’s Q1 revenues

Ottawa

Ottawa firm posted net revenues of $29.5 million for the three-month period ending Oct. 31, up from $14.5 million in the first quarter of 2020.

Cannabis producer Hexo unveils new ‘centre of excellence’ and beverage plant in Belleville

Eastern Ontario Business Journal

New video promo says facility has been “engineered to manufacture advanced cannabis products” – including beverages that contain THC, the active ingredient in cannabis that