The deal would give Hexo capacity to produce roughly 150,000 kg of cannabis annually and raise the company’s net revenue guidance to more than $400 million in fiscal 2020
In preparation for its listing this week on an American stock exchange, Hexo announced Tuesday it intends to raise $50 million to fund its expansion and R&D plans
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
Hexo’s share price rose more than 10 per cent on Wednesday following comments from Molson Coors' CEO
The cannabis firm announced a number of major deals in between the quarter’s close and the legalization of pot in Canada.
A slew of expansion announcements and fresh attention on Hexo have driven the company’s share price up nearly 40 per cent in the past three weeks
The cannabis firm isn't racing to make a drastic change in response, but did note that it's looking for a U.S. exchange listing in the near future
The Gatineau-based pot producer says it was expecting the Ontario premier's decision to open the province's cannabis market to private retailers
Along with the move, Hydropothecary will adopt both a new corporate name and trading symbol, HEXO
The Hydropothecary Corp.'s share price closed up 13 per cent Wednesday after the company said it had struck a cannabis supply deal with the Societe des alcools du Quebec.