HEXO Corp

The future of cannabis.

Trusted. Innovative. Visionary.

Recent press releases

HEXO’s Belleville facility receives its sales license

Globe Newswire / 2020-06-01

HEXO Corp is pleased to announce it has received its Health Canada licence amendment for the sale of dried and fresh cannabis, cannabis extracts, cannabis topicals and edible cannabis products for its cannabis manufacturing and processing facility in Belleville, Ontario. The updated licensing also encompasses the expansion of the licensed area to include the beverage production area dedicated to the Truss/HEXO beverage division.

Hexo Corp. Closes $57.5 Million Underwritten Public Offering

Globe Newswire / 2020-05-21

HEXO Corp. today announced the closing of its previously announced underwritten public offering (the “Offering”) for total gross proceeds to the Company of C$57,546,000. The Company sold 63,940,000 units of the Company (the “Units”) at a price of C$0.90 per Unit under the Offering, including 8,340,000 Units sold pursuant to the exercise in full of the underwriters’ over-allotment option.

Hexo Corp. Announces C$50 Million Underwritten Public Offering

Cision / 2020-05-19

HEXO Corp. today announced the pricing of its previously announced overnight marketed public offering (the “Offering“) of units of the Company (the “Units“) at a price of C$0.90 per Unit. The underwriters for the Offering have agreed to purchase 55,600,000 Units from the Company for total gross proceeds to the Company of C$50,040,000.

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FREQUENTLY ASKED QUESTIONS

I have HIP warrants and I want to know what my options are. How do I exercise my options? Are there plans to extend the expiry dates on these warrants?

There are currently two HIP warrants that are trading on the TSX Venture exchange. The HIP.WT.A has a $1.00 strike price (expiry date of June 19, 2023) and HIP.WT has a $1.75 strike price (expiry date of February 28, 2020). As a result of the closing of our acquisition of Newstrike Brands Ltd, all commons shares and warrants are converted from HIP to HEXO using the conversion rate of 0.06332.

You have two options, you can chose to exercise your warrants before the expiry date converting them to HEXO common shares or to let the warrant expire.

For example, if you hold 1,000 HIP.WT.A warrants with $1.00 strike price expiration 06/19/2023 and decided to exercise these. You would pay $1000 and receive 63 common shares of HEXO (1000*0.06332)). This would mean you paid approx.. $15.79 per share ($1/0.06332).

There is no plan to extend the expiry dates of the HIP warrants.

To exercise your HIP warrants, please contact your investment broker or brokerage to execute the transaction.

Does your company have analyst calls?

HEXO conducts quarter analyst calls, which are open to the public after each earnings release. Details for the call will be published in a press release prior to the call. Our press releases can be found at https://www.hexocorp.com/press-releases/

How do I exercise my warrants?

Warrants are exercised by contacting us at treasury@HEXO.com.

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