Wednesday, May 25, 2022
High Yields Cannabis/Marijuana/ Weed News
  • Home
  • Cannabis Stocks
  • Cannabis Strains
  • Cannabis Laws
    • Marijuana Laws in All 50 States
    • International Marijuana Laws 2021
  • Product Reviews
  • Growing
  • Write for Us
No Result
View All Result
  • Home
  • Cannabis Stocks
  • Cannabis Strains
  • Cannabis Laws
    • Marijuana Laws in All 50 States
    • International Marijuana Laws 2021
  • Product Reviews
  • Growing
  • Write for Us
No Result
View All Result
High Yields
No Result
View All Result
Home Cannabis Stock Quotes & News

HEXO update on integration

Jeremy Vedder by Jeremy Vedder
November 9, 2021
in Cannabis Stock Quotes & News
0
HEXO update on integration

OTTAWA, Nov. 09, 2021 (GLOBE NEWSWIRE) – HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NASDAQ: HEXO) today released an update on the integration plan launched at following its recent acquisitions of Redecan, Zenabis Global Inc. (“Zenabis”) and 48North Cannabis Corp. (“48North”). In a few months, HEXO will cease its activities in three of its production units in order to regroup the activities of cultivation, manufacture and distribution of its products in its main facilities.

“As part of the integration planning process, we performed a comprehensive analysis of all HEXO facilities to assess their suitability, capacity and efficiency, and we decided to centralize activities in our facilities. key, said Scott Cooper, CEO of HEXO. This decision is critical to achieving our immediate priority of ensuring the integration of recently acquired businesses in order to drive growth and profitability through the commercialization of consumer cannabis products. “

READ ALSO

Akerna Announces Results of Annual Meeting of Stockholders

Verano Celebrates Opening of Largest Zen Leaf Dispensary in

“We are confident that our core facilities as well as our strategic partnerships will allow us to have a sufficient supply of high-quality cannabis to meet demand,” continued Mr. Cooper. This very difficult decision is one of the keys to our integration plan, and we believe that it positions HEXO in the best possible way for its continued growth. I would like to thank all the employees of Kirkland Lake, Brantford and Stellarton for the effort, dedication and professionalism they have shown to help build HEXO. “

HEXO has decided to close the following establishments:

  • The Kirkland Lake, Ontario facility, part of the 48North acquisition, will close on January 31, 2022.
  • The Brantford, Ontario facility, included in the acquisition of 48North, will close on January 31, 2022.
  • The Stellarton, Nova Scotia facility, included in the Zenabis acquisition, will close on February 28, 2022.

These facilities are not considered critical to the integrated activities of HEXO.

HEXO is working closely with employees to mitigate the impact of these closures. This effort includes the relocation of employees who are transferring to one of HEXO’s main facilities as well as job search supports for those who cannot relocate. Some 155 employees are affected by this decision.

Forward-looking statements

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.

About 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 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 hexocorp.com.

For further information, please contact:

Investor Relations: invest@hexo.com
www.hexocorp.com

Media Relations:
(819) 317-0526
media@hexo.com

[Original Source]

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Related Posts

Allied Corp. Initiates Additional Shipment of 200kgs of CBD
Cannabis Stock Quotes & News

Akerna Announces Results of Annual Meeting of Stockholders

May 25, 2022
OG Kush: The Legendary Cannabis Strain Of All Time Reviews
Cannabis Stock Quotes & News

Verano Celebrates Opening of Largest Zen Leaf Dispensary in

May 25, 2022
Eaze launches first dispensaries in San Diego and Santa Ana
Cannabis Stock Quotes & News

MJ Unpacked announces Las Vegas show this fall and partnership with Clio Cannabis Awards

May 25, 2022
Allied Corp. Initiates Additional Shipment of 200kgs of CBD
Cannabis Stock Quotes & News

Ayr Wellness Closes Acquisition of Herbal Remedies

May 25, 2022
New survey says this is the #1 reason people are still buying black market cannabis
Cannabis Stock Quotes & News

New survey says this is the #1 reason people are still buying black market cannabis

May 25, 2022
California state agency weighs changes to pre-employment drug test appeal policy
Cannabis Stock Quotes & News

Original Balboa Caregivers sues business partner over lost license

May 25, 2022
Next Post
Grove Inc. Expands into the Programmatic Advertising

HEXO Provides Integration Update

  • Trending
  • Comments
  • Latest
Monthly Spotlight: The Best of Plain Jane CBD

Monthly Spotlight: The Best of Plain Jane CBD

April 8, 2022
The Ultimate Dr. Dabber Stella Vaporizer Review for 2022

The Ultimate Dr. Dabber Stella Vaporizer Review for 2022

April 19, 2022
volcano hybrid review 2022

The 2022 Volcano Hybrid Vaporizer Review: All You Need To Know

May 23, 2022
The Utillian 5 v3 Wax Pen Review for 2022

The Utillian 5 v3 Wax Pen Review for 2022

March 27, 2022

The 7 Best Smell-Proof Weed Bags To Keep Your Bud Stash Safe

April 27, 2022
The Best Synthetic Urine Kit to Pass Your Drug Test in 2022

The Best Synthetic Urine Kit to Pass Your Drug Test in 2022

May 23, 2022
The 10 Best Smell Proof Backpacks for Weed in 2022

The 10 Best Smell Proof Backpacks for Weed in 2022

May 5, 2022
Allied Corp. Initiates Additional Shipment of 200kgs of CBD

Akerna Announces Results of Annual Meeting of Stockholders

May 25, 2022
Former NFL Running Back Marshawn Lynch Launches Premium Blunt Brand

Former NFL Running Back Marshawn Lynch Launches Premium Blunt Brand

0
Major Marijuana Coalition Forms To Coordinate Legalization Push, But Some Key Advocacy Players Aren’t Involved

Major Marijuana Coalition Forms To Coordinate Legalization Push

0
MMJRecs - cannabis leaf

How Medical Marijuana Can Help Treat Sleep Disorders

0
Colorado Cannabis Sales Exceed $2 Billion in 2020

Colorado Cannabis Sales Exceed $2 Billion in 2020

0
Allied Corp. Initiates Additional Shipment of 200kgs of CBD

Akerna Announces Results of Annual Meeting of Stockholders

May 25, 2022
OG Kush: The Legendary Cannabis Strain Of All Time Reviews

Verano Celebrates Opening of Largest Zen Leaf Dispensary in

May 25, 2022
Delta 8 Gummies – Complete Guide

Delta 8 Gummies – Complete Guide

May 25, 2022
Could 2021 Be the Year of Federal Cannabis Legalization?

Ayr Wellness Closes Acquisition of Herbal Remedies Dispensaries, LLC

May 25, 2022

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • March 2020

Categories

  • 1933 Industries
  • 4front Ventures
  • Acreage Holdings
  • Ascend Wellness
  • Ayr Wellness
  • Body & Mind
  • C21 Investments
  • Cannabis Stock Quotes & News
  • Cansortium Inc
  • Captor Capital
  • Ceres Acquisition Corp
  • Chalice Brands
  • Columbia Care
  • Cresco Labs
  • CuraLeaf
  • Gage Growth
  • Glass House Brands
  • Green Thumb Industries
  • Grown Rogue International
  • Harborside
  • Item 9 Labs
  • Jushi Holdings
  • Lowell Farms
  • MariMed
  • MedMen Enterprises
  • News
  • Next Green Wave
  • Planet 13
  • Plus Products
  • Product Reviews
  • Red White & Bloom
  • SLANG Worldwide
  • Sol Global Investments
  • TerrAscend
  • TILT Holdings
  • Trulieve
  • Verano Holdings
  • Vext Sciences
  • Vibe Growth

Recent Posts

  • Akerna Announces Results of Annual Meeting of Stockholders
  • Verano Celebrates Opening of Largest Zen Leaf Dispensary in
  • Delta 8 Gummies – Complete Guide
  • Ayr Wellness Closes Acquisition of Herbal Remedies Dispensaries, LLC

QR Code

HEXO update on integration
No Result
View All Result
  • Homepages
    • Home Page 1
  • News

© 2021 High Yields