
Pot company Hexo’s restructuring to include loss of 450 jobs, Belleville facility closure
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
Charlie Bowman has been appointed acting president and CEO, effective immediately, replacing Scott Cooper, Gatineau cannabis firm announced Friday.
Cannabis company Hexo hit by one-time charges, reports $690.3M net loss
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
Investor calls for ouster of Hexo board members
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 receives warning from Nasdaq after non-compliance with bid requirements
Gatineau-based firm became non-compliant when its closing bid price for common shares listed on the Nasdaq dropped below US$1 for 30 consecutive trading days.
Hexo unveils expected savings from strategic plan, facility reconfiguration
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-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
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
Move comes just two days after co-founder and former chief executive Sebastien St-Louis abruptly departed the Ottawa cannabis company.
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