GATINEAU, Quebec, Dec. 14 2021 (GLOBE NEWSWIRE) – HEXO Corp. (TSX: HEXO; NASDAQ: HEXO), a leading producer of high-quality cannabis products, today announced the appointment of John K. Bell as Chairman of the Board, effective from December 14, 2021.
“One of the Company’s key priorities is improving its corporate governance and John brings tremendous experience to this role,” said Scott Cooper, CEO of HEXO. “John’s strong financial background and experience in the cannabis industry make him an ideal fit as we move forward with our new plan to solidify our place as the premier cannabis company in Canada. “
“HEXO has a strong foundation with unique capabilities and assets based on its recent acquisitions to accelerate growth and increase market share,” said John Bell. “I look forward to working with the rest of the Board of Directors and the management team to strengthen their balance sheet and execute their new strategic growth plan. “
John Bell, FCA, FCPA, ICD.D has a distinguished 40-year career in business, including senior management, corporate governance, finance, and mergers and acquisitions. John is currently Chairman of Stack Capital, Pure Jamaican Limited and a member of the Board of Directors of Cure Pharmaceutical. John was also a member and chairman of the board of directors of Canopy Growth between 2014 and 2020. Under his leadership, the company achieved a market capitalization of $ 20 billion.
John was the founder, owner and CEO of Shred-Tech, a global manufacturer of shredding and recycling equipment and the creator of the mobile shredding industry. After selling Shred-Tech to a public company in 1995, he became the owner and CEO of Polymer Technologies Inc., a global manufacturer of auto parts; He was then President and Principal Shareholder of BSM Technologies Inc. (TSX), a fleet management company, and CEO and Director of ATS Automation (TSX), which has 23 plants worldwide.
As he retires from the Board of Directors, HEXO would like to thank Michael Munzar for his dedication to HEXO as Chairman of the Board and for helping to guide the Company in its growth, from its beginnings as an emerging company to becoming a market leader.
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 www.hexocorp.com.
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