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.

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/

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