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100% Buys so far today!
Competition Bureau approves HEXO Corp/Newstrike Brands Ltd. Deal
GATINEAU, Quebec and OAKVILLE, Ontario, May 09, 2019 (GLOBE NEWSWIRE) -- HEXO Corp ("HEXO") (TSX: HEXO; NYSE-A: HEXO) and Newstrike Brands Ltd. ("Newstrike") (TSX-V: HIP) are pleased to announce that they have received regulatory approval from the Canadian Competition Bureau by way of a no-action letter under the Competition Act (Canada) indicating that it does not intend to challenge the proposed arrangement between HEXO and Newstrike, whereby HEXO intends to acquire all of the issued and outstanding common shares of Newstrike by way of a plan of arrangement under the Business Corporations Act (Ontario) (the “Transaction”). Receipt of the letter satisfies a key condition of the Transaction.
HEXO and Newstrike announced that they had entered into a definitive arrangement agreement with respect to the Transaction in March. The Transaction has already been unanimously approved by the board of directors of each of HEXO and Newstrike. In April, the companies announced that HEXO has entered into irrevocable hard voting support agreements with shareholders of Newstrike representing in aggregate approximately 38.3% of Newstrike's issued and outstanding common shares.
The Transaction remains subject to customary closing conditions, including approval by Newstrike shareholders at Newstrike’s Annual and Special Meeting on May 17, 2019, and final court approval. Subject to satisfaction of these closing conditions, the Transaction is expected to close by May 24, 2019. Newstrike’s board of directors has recommended that its shareholders vote in favour of the Transaction.
For further information, please contact:
HEXO:
Investor Relations:
Jennifer Smith
1-866-438-8429
invest@hexo.com
Competition Bureau approves HEXO Corp/Newstrike Brands Ltd. Deal
GATINEAU, Quebec and OAKVILLE, Ontario, May 09, 2019 (GLOBE NEWSWIRE) -- HEXO Corp ("HEXO") (TSX: HEXO; NYSE-A: HEXO) and Newstrike Brands Ltd. ("Newstrike") (TSX-V: HIP) are pleased to announce that they have received regulatory approval from the Canadian Competition Bureau by way of a no-action letter under the Competition Act (Canada) indicating that it does not intend to challenge the proposed arrangement between HEXO and Newstrike, whereby HEXO intends to acquire all of the issued and outstanding common shares of Newstrike by way of a plan of arrangement under the Business Corporations Act (Ontario) (the “Transaction”). Receipt of the letter satisfies a key condition of the Transaction.
HEXO and Newstrike announced that they had entered into a definitive arrangement agreement with respect to the Transaction in March. The Transaction has already been unanimously approved by the board of directors of each of HEXO and Newstrike. In April, the companies announced that HEXO has entered into irrevocable hard voting support agreements with shareholders of Newstrike representing in aggregate approximately 38.3% of Newstrike's issued and outstanding common shares.
The Transaction remains subject to customary closing conditions, including approval by Newstrike shareholders at Newstrike’s Annual and Special Meeting on May 17, 2019, and final court approval. Subject to satisfaction of these closing conditions, the Transaction is expected to close by May 24, 2019. Newstrike’s board of directors has recommended that its shareholders vote in favour of the Transaction.
For further information, please contact:
HEXO:
Investor Relations:
Jennifer Smith
1-866-438-8429
invest@hexo.com
My favourite part from today’s PR.
“The new website will be lunch soon.”
Don’t think we will see anything anytime soon. Watched Kevin’s responses on facebook group, and basically didn’t say anything we didn’t know. Maybe this wakes up end of summer.
It’s never all, but the general sentiment in the industry is bearish. People taking profits, running scared. That’s when I buy or hold tight in the stocks I believe in. I like this company and still see lots of upside. My 2 cents, means nothing to nobody but me. Good luck,
All weed stocks taking big baths, it will get better.
Hexo -5.5%
Weed -5.5%
Aph -5.6%
Acb -4.3%
Buy on the big dips, that’s how you make money. Today is a big buying opportunity! Enjoy,
All MJ stocks taking a bath today.
Appreciate the response. Finally joined the FB group. I’m locked and loaded, and would be happy to see this one fly like some of my other early finds!
Anyone know when we might see some movement here?
Look for spare change to get in on the dip today, what a great start!
No complaints here. Was expecting a pull back, but when you have a stock that is this undervalued, people are finally waking up to where it should be! Cheers
Looks like it could be another fun day!
Great day, and liking the after hours action!
What a fun day to be an owner in this sweet company!
Smart man. Hexo will still double from here over the next 6 months. Still undervalued!
Would not complain. It’s on an awesome tear.
Thanks actually just sent in a application to join. Cheers, let’s see .50 this year!
Great news for HEXO shareholders. Looks like we will get some of Newstrikes cash reserves out!!!
Some big buys coming in.
Contacted Kevin in IR today. Super fast response to my questions. Thought I would share here.
“Year end financials will be out in June.
We have substantially reduced costs so the latest quarter should look much better. We can only release news when we have it, but we are aiming to be much more active on social!”
Didn’t see this posted here, so thought I would.
Beleave Announces Initial Cannabis Oil Sales After Receiving Health Canada Authorization Derivatives with Higher-Margins Increasing Growth and Revenues
Toronto, Ontario— April 8, 2019 – Beleave Inc. (CSE: BE) (OTCQX: BLEVF) ("Beleave" or the "Company") is pleased to announce that its wholly-owned subsidiary Beleave Kannabis Corp has commenced sales of cannabis oil products at its licensed facility in Hamilton, Ontario.
Beleave has completed its first wholesale transfer of two bulk lots of cannabis oil to another standard processor license holder, as well as having begun cannabis oil product sales to medicinal patients through its online store https://shop.beleave.com. The Company received authorization from Health Canada to sell cannabis oil products in January 2019.
“We've been looking forward to sharing these efforts with our patients and the entire Beleave community. I'm happy to say that the time has finally come,” said Roger Ferreira, Chief Science Officer at Beleave. “Our whole team has been working hard to ensure we're delivering on our commitment to produce high-quality products that we can all be proud of. We continue to invest in our research and development pipeline in anticipation of future opportunities in the Canadian cannabis derivatives market.”
Current product offerings available to medicinal patients include a blended and balanced THC/CBD cannabis oil. These high-quality and pure cannabis oil products are being offered to patients in convenient and easy-to-use 30 mL bottles with an applicator – allowing for precise dosing control by the patient. MCT, a non-allergenic, flavourless and odourless oil widely-used for pharmaceutical applications, will be used as the carrier oil for Beleave's cannabis oil products to assist in the timely delivery and absorption of THC and CBD.
Cannabis oil production is already underway at Beleave's industrial extraction laboratory using proprietary (patent-pending) methods. This process involves the activation, extraction and purification of THC and CBD using only potable components, without using any organic solvents. In addition to producing oils for Beleave's own medicinal patients, the Company is actively engaged in contract negotiations to offer the same extraction, processing, packaging and distribution services to other micro and standard processor licensed companies.
“We are very excited and proud of our scientific research team and the quality of the work they're producing,” said Bill Panagiotakopoulos, Chief Executive Officer at Beleave. “In conjunction with our dried flower products, we feel our company's success will also rely on the production and processing of oils and derivatives for the adult recreational market, antici- pated for later this year. This is another great milestone for Beleave.”
Patent applications submitted for the Company's processes include a regularly submitted United States patent application (U.S. Patent Application 16/201,547), as well as a Patent Cooperation Treaty (PCT) and International Application (PCT Patent Application PCT/- CA2018/051508).
Agreed, love 12% days
Great recovery today, wonder what news is getting priced in!
Haha read that article this morning, and made me smile!
Agreed, however the whole industry way down last two weeks.
Thanks everyone for the clarification on the whole foods idea. I think this company will be very big going forward, with or without Whole Foods. Cheers
Why does everyone think whole foods? I have found no verifiable information that this is even in the works. Am I missing something?
HEXO completes first harvest in its 1 million sq. ft. greenhouse
GATINEAU, Quebec, April 01, 2019 (GLOBE NEWSWIRE) -- HEXO Corp (TSX:HEXO; NYSE-A:HEXO) (“HEXO” or the "Company") has completed the first harvest in its 1 million sq. ft. expansion, marking an important execution milestone in the Company’s continuous growth.
Since early January, plants have been moving into the greenhouse and the first plants have now been harvested. The Company continues to ramp up to full harvest capacity using the continuous harvest methodology, the latest step towards reaching the full annual production capacity of 108,000 kg of dried flower per year.
“Completing the first harvest in our 1,000,000 sq. ft. greenhouse expansion showcases the dedication and hard work of the entire HEXO team,” said Sébastien St-Louis, HEXO’s CEO and co-founder. “We are very proud of our continued ability to execute on our plans, creating value for our shareholders and demonstrating our commitment to our customers. This cultivation milestone means that an expanded HEXO product offering will be available to more Canadians shortly.”
HEXO Corp’s headcount now exceeds 600 employees. The Company expects to hire another 500 employees in the coming months; 300 additional position at its campus in Gatineau, Quebec, and 200 in its Belleville, Toronto and Montreal locations.
On March 13, 2019, HEXO announced a definitive arrangement agreement to acquire Newstrike Brands Ltd. The acquisition would allow the Company to boost its production capacity to 150,000 kg annually, diversify its domestic market penetration to 9 provinces and add infrastructure supporting the Company on its goal of becoming one of the top cannabis companies in the world.
Press Releases
August 2018: early stage of construction on HEXO’s 1 million sq. ft. greenhouse.
January 2019: greenhouse is ready, plants are in.
March 2019: First harvest in process at HEXO’s 1 million sq. ft. expansion.
About HEXO
HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes prize-winning products to serve the global cannabis market. Through its hub and spoke business strategy, HEXO Corp is partnering with Fortune 500 companies, bringing its brand value, cannabinoid isolation technology, licensed infrastructure and regulatory expertise to established companies, leveraging their distribution networks and capacity. As one of the largest licensed cannabis companies in Canada, HEXO Corp operates with 1.8 million sq. ft of facilities in Ontario and Quebec and a foothold in Greece to establish a Eurozone processing, production and distribution centre. The Company serves the Canadian adult-use and medical markets. For more information please visit hexocorp.com.
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 anticipated in these forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form and other continuous disclosure filings, which are available on SEDAR at www.sedar.com and 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.
Investor Relations:
Jennifer Smith
1-866-438-8429
invest@HEXO.com
www.hexocorp.com
Media Relations:
Caroline Milliard
(819) 317-0526
media@hexo.com
Director:
Adam Miron
819-639-5498
Copyright © 2019 Hexo, All rights reserved.
You are receiving this email because you opted in via our website at ir.hexo.com, or at thcx.com.
Our mailing address is:
Hexo
120
Chemin de la Rive
Gatineau, Quebec J8M 1V2
Canada
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HEXO completes first harvest in its 1 million sq. ft. greenhouse
GATINEAU, Quebec, April 01, 2019 (GLOBE NEWSWIRE) -- HEXO Corp (TSX:HEXO; NYSE-A:HEXO) (“HEXO” or the "Company") has completed the first harvest in its 1 million sq. ft. expansion, marking an important execution milestone in the Company’s continuous growth.
Since early January, plants have been moving into the greenhouse and the first plants have now been harvested. The Company continues to ramp up to full harvest capacity using the continuous harvest methodology, the latest step towards reaching the full annual production capacity of 108,000 kg of dried flower per year.
“Completing the first harvest in our 1,000,000 sq. ft. greenhouse expansion showcases the dedication and hard work of the entire HEXO team,” said Sébastien St-Louis, HEXO’s CEO and co-founder. “We are very proud of our continued ability to execute on our plans, creating value for our shareholders and demonstrating our commitment to our customers. This cultivation milestone means that an expanded HEXO product offering will be available to more Canadians shortly.”
HEXO Corp’s headcount now exceeds 600 employees. The Company expects to hire another 500 employees in the coming months; 300 additional position at its campus in Gatineau, Quebec, and 200 in its Belleville, Toronto and Montreal locations.
On March 13, 2019, HEXO announced a definitive arrangement agreement to acquire Newstrike Brands Ltd. The acquisition would allow the Company to boost its production capacity to 150,000 kg annually, diversify its domestic market penetration to 9 provinces and add infrastructure supporting the Company on its goal of becoming one of the top cannabis companies in the world.
Press Releases
August 2018: early stage of construction on HEXO’s 1 million sq. ft. greenhouse.
January 2019: greenhouse is ready, plants are in.
March 2019: First harvest in process at HEXO’s 1 million sq. ft. expansion.
About HEXO
HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes prize-winning products to serve the global cannabis market. Through its hub and spoke business strategy, HEXO Corp is partnering with Fortune 500 companies, bringing its brand value, cannabinoid isolation technology, licensed infrastructure and regulatory expertise to established companies, leveraging their distribution networks and capacity. As one of the largest licensed cannabis companies in Canada, HEXO Corp operates with 1.8 million sq. ft of facilities in Ontario and Quebec and a foothold in Greece to establish a Eurozone processing, production and distribution centre. The Company serves the Canadian adult-use and medical markets. For more information please visit hexocorp.com.
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 anticipated in these forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form and other continuous disclosure filings, which are available on SEDAR at www.sedar.com and 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.
Investor Relations:
Jennifer Smith
1-866-438-8429
invest@HEXO.com
www.hexocorp.com
Media Relations:
Caroline Milliard
(819) 317-0526
media@hexo.com
Director:
Adam Miron
819-639-5498
Copyright © 2019 Hexo, All rights reserved.
You are receiving this email because you opted in via our website at ir.hexo.com, or at thcx.com.
Our mailing address is:
Hexo
120
Chemin de la Rive
Gatineau, Quebec J8M 1V2
Canada
Add us to your address book
Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.
Yes very excited! Good times are coming. I’m invested on Canadian side and expect a triple play in the next 6 months!!
Today will be a fun day to watch my shares make money!!! Cheers Hamilton,
Approved
Thanks for the clarification, in investing I always think it means End of month. Thought I was missing something. Cheers
Why do you end each message with EOM?
I am, and GTA is yes the Greater Toronto Area. I’m not worried about that Hamilton situation, like where we are going! Cheers
Sweet thanks for the update. Hamilton has more dispensaries than any other city I know of in GTA, they seem very pro bud.
Can you give me some info in Hamilton settlement? I have a friend that told me to buy here 3 weeks ago. He has told me three times in my life to buy a stock and in all three cases ran hard and made me great money. So far this stock has not disappointed.
Must say the 3 month chart here looks beautiful!
This is too good, bought in today! $10 is not unreasonable short term.