This press release constitutes a “designated press release” for the purposes of the Company’s prospectus supplement dated May 11, 2021 to its short form base shelf prospectus dated May 7, 2021 and amended and updated on May 25, 2021.
OTTAWA, Nov. 19, 2021 (GLOBE NEWSWIRE) – HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NASDAQ: HEXO), today announced the resignation of Sébastian St-Louis from the board of administration of HEXO. The Company also announced the appointment of its Chairman and Chief Executive Officer, Scott Cooper, as a director to replace Sébastian St-Louis, with effect from yesterday.
“I would like to take this opportunity to thank Sébastien for his eight years of service on the HEXO Board of Directors. During these years, Sébastien’s dedication has helped make HEXO a market leader in Canada, ”said Michael Munzar, Chairman of the Board.
“I am pleased to welcome Scott Copper, CEO of HEXO, to the Company’s Board of Directors. Scott’s experience with Truss, Molson Coors and several other publicly traded consumer staples companies will be instrumental in the success of HEXO as we continue to support growth and profitability through the commercialization of consumer products. cutting-edge cannabis and to defend our position as market leader in Canada. “
This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those which are anticipated. These forward-looking statements should not be interpreted as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.
HEXO is an award-winning licensed producer of innovative products for the global cannabis market. HEXO serves the Canadian recreational cannabis market with its portfolio of HEXO, Redecan, UP Cannabis, Namaste Original Stash, 48North, Trail Mix, Bake Sale, REUP and Latitude brands, as well as the medical market in Canada, Israel and Malta. The Company also serves the Colorado market through its Powered by HEXO® strategy and Truss CBD USA, a joint venture with Molson Coors. Now that it has acquired Redecan and 48North, HEXO has become a leading cannabis product company in Canada in terms of non-therapeutic market share. For more information, visit the website www.HEXOcorp.com.
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