HEXO Corp. Archives

StaffApril 10, 2023

The Daily Hit is a recap of the top financial news stories for April 10, 2023. On the Site Tilray to Acquire Hexo Corp. for $56 Million, Loses $1.1 Billion in Q3 Tilray Brands Inc. (Nasdaq: TLRY) (TSX: TLRY) inked a deal to acquire Quebec-based Hexo Corp. (Nasdaq: HEXO) (TSX: HEXO) in a $56 million […]

John SchroyerApril 10, 2023

Tilray is looking to beverages - cannabis and traditional - and Europe to grow its top line.

StaffNovember 1, 2022

The Daily Hit is a recap of cannabis business news for Nov. 1, 2022. ON THE SITE New York Regulators Roll Back Cannabis Testing Standards New York cannabis regulators on Tuesday took a major step in easing testing lab safety standards for the upcoming recreational marijuana market, apparently in response to industry pressure regarding contamination […]

Debra BorchardtNovember 19, 2021

First it was Slang Worldwide this week that saw the departure of the company’s CEO Chris Driessen, along with Board Chair Peter Miller stepping down and several other board members who left. Today, Canopy Growth Corporation (NASDAQ: CGC) announced that Executive Vice President and Chief Financial Officer Mike Lee and President and Chief Product Officer […]

Debra BorchardtFebruary 17, 2021

HEXO Corp. (TSX: HEXO; NYSE: HEXO) is buying Zenabis Global Inc. (TSX: ZENA) in an all-stock deal valued at approximately $235 million. Zenabis had hinted that such a deal was in the making during its fight with Sundial. In January, the company had said it had started talks with another significant licensed cannabis producer, so […]

StaffDecember 7, 2020

HEXO Corp. (NYSE:HEXO) wants to change its plan on consolidating its shares to a four to one ratio from eight to one since its share price has risen. Hexo is consolidating its shares in order to meet the compliance standard of $1.00 per share for the New York Stock Exchange. The company said it believes […]

Debra BorchardtApril 8, 2020

The price of HEXO Corp. (TSX: HEXO; NYSE: HEXO) plunged another 22% after shareholders learned that the company announced a $40 million offering. The stock was falling from its close of 69 cents to roughly 54 cents, down from its 52-week high of $8.40. The company said it expects to use the net proceeds from the Offering […]

Debra BorchardtDecember 16, 2019

HEXO Corp. (TSX: HEXO)(NYSE: HEXO) reported its financial results for the first quarter fiscal 2020 ended October 31, 2019, in Canadian dollars. The company reported that the net revenue in the first quarter decreased sequentially to $14.5 million versus $15.4 million in the fourth quarter of 2019. The revenue increased over $5.7 million reported in […]

Debra BorchardtOctober 29, 2019

HEXO Corp. (TSX: HEXO; NYSE: HEXO) stock was dropping over 6% in early trading after the company gave guidance, despite beating earnings estimates during the company release of its financial report. Net revenue in Canadian dollars for the fourth quarter ending July 31, 2019, increased to $15.4 million versus last year’s $13 million for the […]

William SumnerOctober 10, 2019

It’s time for your Daily Hit of cannabis financial news for October 10, 2019. On the Site Nevada Marijuana Licenses Makes Appearance In Russian Campaign Violation Arrest The two Russian nationals that were arrested on Thursday for campaign finance violations also tried to apply for marijuana licenses in Nevada according to the arrest allegations. The […]

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Tag: HEXO Corp.

Daily Hit: April 10, 2023

Tilray to Acquire Hexo Corp. for $56 Million, Loses $1.1 Billion in Q3

The Daily Hit: November 1, 2022

Poor Results Forcing Big Executive Changes

Zenabis Finds Savior In Hexo Acquisition

Hexo Changes Share Consolidation As Price Increases

Hexo Stock Plunges After $40 Million Offering Announced

HEXO Reports Decline In Revenue, Rising Expenses

HEXO Stock Slides On Lowered Guidance, Net Loss Increases 440%

The Daily Hit: October 10, 2019

The Daily Hit - TEST TEST TEST

Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

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