Scott Cooper

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

Pot company Hexo’s restructuring to include loss of 450 jobs, Belleville facility closure

Ottawa

Gatineau-based marijuana producer says in financial filings that the reduction will result in annualized savings of $30.6 million and is meant to simplify its organizational

Hexo appoints third CEO in six months as cannabis company’s restructuring continues

Ottawa

Charlie Bowman has been appointed acting president and CEO, effective immediately, replacing Scott Cooper, Gatineau cannabis firm announced Friday.

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 Hexo hit by one-time charges, reports $690.3M net loss

Ottawa

Hexo Corp. reported a net loss of $690.3 million as it recorded $616 million in one-time impairment charges in its latest quarter as it worked

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.

Investor calls for ouster of Hexo board members

Ottawa

Adam Arviv, who owns about two per cent of Hexo’s shares, says he plans to nominate five new directors – including himself – to the

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 to close three facilities and lay off about 155 workers

Ottawa

Ottawa-based cannabis company says it will shutter properties in Kirkland Lake, Brantford and Stellarton, N.S., in a bid to streamline production.

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.