OTTAWA, August 19, 2021 (GLOBE NEWSWIRE) – HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced the filing of a preliminary prospectus supplement (the “ provisional supplement “) To its simplified, amended and updated base shelf prospectus dated May 25, 2021 (the” simplified base prospectus “) Relating to a public placement project negotiated between two stock market sessions (the” placement “) Of units of the Company (the” units »).
The price of the Offering should be based on market conditions, with the final terms of the Offering to be determined at the time of pricing. There can be no assurance as to the possibility or timing of the placement, or as to its extent or actual conditions. Closing of the offering will be subject to market and other customary conditions, including Toronto Stock Exchange approvals.
In addition, the Company intends to grant the Underwriters a 30-day option to purchase up to an additional 15% of the Units offered under the proposed Offering, on the same terms and conditions.
The Company expects to use the net proceeds of the Offering to satisfy a portion of the cash component of the purchase price payable to Redecan shareholders on the closing of the Redecan Acquisition and expenses related to its plans. expansion in the United States.
AGP / Alliance Global Partners and Cantor Fitzgerald Canada Corporation act jointly as bookkeepers for the Offering.
The interim supplement will be filed with securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada. The provisional supplement will also be filed with the United States Securities and Exchange Commission (the ” SEC “) As part of the Company’s registration statement on form F-10 (the” registration declaration “) Under the Canada-United States multinational information regime (” RIM “). The provisional supplement, the simplified base prospectus and the registration statement contain important detailed information about the Company and the proposed offering. Prospective investors should read the provisional supplement, the simplified base prospectus and the registration statement as well as other documents that the Company has filed before making an investment decision.
Copies of the preliminary supplement, after filing, and the short form base prospectus will be available on SEDAR at www.sedar.com and copies of the provisional supplement and the declaration of registration will be available on EDGAR at www.sec.gov. Copies of the Provisional Supplement, after filing, the Simplified Base Prospectus and the Registration Statement may also be obtained from AGP / Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060 or by email at email@example.com. Copies of the prospectus supplement may also be obtained, when available, from Cantor Fitzgerald Canada Corporation in Canada, by emailing firstname.lastname@example.org, or from Cantor Fitzgerald & Co. in the United States, in sending an email to email@example.com.
No securities regulatory authority has approved or disapproved of the contents of this press release. This press release is published for informational purposes only. It does not constitute an offer to sell or the solicitation of an offer to buy. There will be no sale of such securities in any state or jurisdiction where such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of that state or territory. of competence.
About HEXO Corp (TSX : HEXO ; NYSE : HEXO)
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, UP Cannabis, Original Stash, Bake Sale, Namaste and REUP 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. In the event that the previously announced acquisitions of 48North and Redecan are completed, HEXO expects to lead the cannabis products industry in Canada in terms of recreational cannabis market share.
For more information, visit the website www.hexocorp.com.
This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“ forward-looking statements ”), Including statements regarding the Offering and its terms, timing, possible completion and use of its proceeds. 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 events, results, performance and achievements to differ materially from those stated therein. are anticipated, including the possibility that the placement will not be completed in accordance with the terms indicated or that it will not be completed at all, that the Company does not meet the conditions for closing the placement and that the use by the Company of the investment income differs from that shown. These forward-looking statements should not be interpreted as guarantees of future performance or results.
A more complete analysis of the risks and uncertainties facing the Company is set out in the prospectus supplement and the simplified base prospectus, in the registration statement and in other continuous disclosure documents of the Company which are possible. consult on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. 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.