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Another great start folks!
Hi Tommy,
Happy you are buying. I do disagree a little with your comments. Although they have used shares to purchase, it was the only option up until now. Similar to WEED and Aurora. However with the recent acquisition of a great bank line and the strong changes to strengthen the balance sheet with key acquisitions is a great move.
Also in the sector HEXO is probably the most undervalued in terms of market cap. We could 3x-5x share price and still not be where market valuation is in terms of many others. So I think that’s why you see so many buying in, lots and lots of upside with little downside. The next thing for HEXO is to establish presence in US.
Cheers
That made me laugh
Great day today, just the beginning. The question you have to ask yourself is how patient will you be? Do you want 2x, 5x or 10x your money? I’m 5x on the Canadian side so far and thinking 2020 will be my exit! Cheers
This is just the start folks. You can still double, triple or 10x bag on this one, depending on how patient you are willing to be. This stock is the most undervalued in the industry, wait until we are at 10 Billion dollar valuation.
Currently THC and alcohol are illegal, so probably CBD beers or THC beverages (non alcohol)
HEXO reports over $16.2 million in total gross revenue in the second quarter of fiscal 2019
Key highlights of second quarter of 2019 fiscal year
Gross revenue increased 1,269% as compared to the second quarter of fiscal 2018 and increased144% from the first quarter of fiscal 2019
Gross adult-use revenue in Q2 exceeded revenues for the 2018 fiscal year by 200%
4,938 kg of dried cannabis produced, an increase of 39% over the first quarter of fiscal 2019
2,689 kg of gram and gram equivalents sold, an increase of 142% quarter over quarter
Began trading on the NYSE American (“NYSE-A”) in January, 2019 under the symbol “HEXO”
Over $54.2 million in net proceeds raised through a marketed public offering co-led by the Canadian Imperial Bank of Commerce (“CIBC”) and the Bank of Montreal
Subsequent to quarter end, HEXO entered an agreement to acquire Newstrike Brands Ltd.
GATINEAU, Quebec, March 14, 2019 (GLOBE NEWSWIRE) -- HEXO Corp (TSX:HEXO; NYSE-A:HEXO) (the "Company") is reporting its financial results for the second quarter of the 2019 fiscal year, the Company’s first full quarter following the legalization of adult-use cannabis in Canada. Total gross revenue for the quarter reached $16.2 million, an increase of 144% from the previous quarter.
“This is an exciting time for HEXO as we continue to achieve milestones on the way to becoming a top two cannabis company,” said HEXO Corp CEO and co-founder, Sebastien St-Louis.
“This quarter not only saw an exponential increase in gross revenue and production, but also saw us continue to execute on our promises including reaching a construction and licensing milestone on our 1,000,000 sq. ft. greenhouse expansion and listing on the NYSE-A. Just yesterday, we announced an agreement to acquire Newstrike Brands Limited. HEXO’s future is very promising, I am looking forward to continually driving shareholder value and achieving milestones with our team.”
Other financial highlights from the quarter include:
Over $13.4 million in net revenue
Made first investment tranche for a 33% interest in the Greek joint venture HEXOMed, to establish a Eurozone distribution center, with the option to increase ownership interest in HEXOMed to 50%
During the quarter ended January 31, 2019, the Company announced that its 1,000,000 sq. ft. greenhouse expansion reached construction and licensing milestones. The first harvest from the facility is expected later this month and will allow HEXO to continue ramping up to an annual production capacity of 108,000 kg of dried cannabis annually.
Subsequent to quarter end, HEXO announced that it entered into a syndicated credit facility for up to $65 million available credit through a $50 million credit facility with an option to increase by an additional $135 million and a $15 million revolving loan with CIBC. The proceeds of the total available credit of $200 million will be used in part to fund the Company’s ongoing expansion projects and innovation initiatives.
HEXO most recently announced an agreement to acquire Newstrike Brands Ltd. This transaction was unanimously approved by the board of directors of both HEXO Corp and Newstrike Brands Limited. The acquisition will provide HEXO Corp capacity to produce approximately 150,000 kg of high-quality cannabis annually with access to four cutting-edge production campuses. It also provides the Company diversified domestic market penetration with combined distribution agreements in eight provinces. The combined entity is estimated to realize annual synergies of $10 million, allowing HEXO to operate more efficiently with a continued commitment to excellence. The acquisition requires Newstrike shareholder approval before being finalized.
The management’s discussion and analysis for the period and the accompanying financial statements and notes are available under the Company's profile on SEDAR at www.sedar.com and on its website at www.hexocorp.com.
Second Quarter 2019 Financial Results >
Webcast and Conference Call Information
HEXO Corp will host a conference call at 8:30 a.m. EDT on March 14, 2019.
Conference Call Details
Date: March 14, 2019
Time: 8:30 a.m. EDT
Webcast: Registration
Replay Information
A replay of the call will be accessible by telephone until 11:59 a.m. EDT on March 28, 2019.
Toll Free Dial-In Number: 1-888-390-0541
Replay Password: 432690#
About HEXO Corp
HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes products to serve the global cannabis market. Through our hub and spoke business strategy, we are partnering with Fortune 500 companies, bringing our 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 has over 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. We serve the Canadian adult-use market under the HEXO brand while continuing to provide our medical cannabis clients with consistent access to Hydropothecary medical cannabis products. 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 reports over $16.2 million in total gross revenue in the second quarter of fiscal 2019
Key highlights of second quarter of 2019 fiscal year
Gross revenue increased 1,269% as compared to the second quarter of fiscal 2018 and increased144% from the first quarter of fiscal 2019
Gross adult-use revenue in Q2 exceeded revenues for the 2018 fiscal year by 200%
4,938 kg of dried cannabis produced, an increase of 39% over the first quarter of fiscal 2019
2,689 kg of gram and gram equivalents sold, an increase of 142% quarter over quarter
Began trading on the NYSE American (“NYSE-A”) in January, 2019 under the symbol “HEXO”
Over $54.2 million in net proceeds raised through a marketed public offering co-led by the Canadian Imperial Bank of Commerce (“CIBC”) and the Bank of Montreal
Subsequent to quarter end, HEXO entered an agreement to acquire Newstrike Brands Ltd.
GATINEAU, Quebec, March 14, 2019 (GLOBE NEWSWIRE) -- HEXO Corp (TSX:HEXO; NYSE-A:HEXO) (the "Company") is reporting its financial results for the second quarter of the 2019 fiscal year, the Company’s first full quarter following the legalization of adult-use cannabis in Canada. Total gross revenue for the quarter reached $16.2 million, an increase of 144% from the previous quarter.
“This is an exciting time for HEXO as we continue to achieve milestones on the way to becoming a top two cannabis company,” said HEXO Corp CEO and co-founder, Sebastien St-Louis.
“This quarter not only saw an exponential increase in gross revenue and production, but also saw us continue to execute on our promises including reaching a construction and licensing milestone on our 1,000,000 sq. ft. greenhouse expansion and listing on the NYSE-A. Just yesterday, we announced an agreement to acquire Newstrike Brands Limited. HEXO’s future is very promising, I am looking forward to continually driving shareholder value and achieving milestones with our team.”
Other financial highlights from the quarter include:
Over $13.4 million in net revenue
Made first investment tranche for a 33% interest in the Greek joint venture HEXOMed, to establish a Eurozone distribution center, with the option to increase ownership interest in HEXOMed to 50%
During the quarter ended January 31, 2019, the Company announced that its 1,000,000 sq. ft. greenhouse expansion reached construction and licensing milestones. The first harvest from the facility is expected later this month and will allow HEXO to continue ramping up to an annual production capacity of 108,000 kg of dried cannabis annually.
Subsequent to quarter end, HEXO announced that it entered into a syndicated credit facility for up to $65 million available credit through a $50 million credit facility with an option to increase by an additional $135 million and a $15 million revolving loan with CIBC. The proceeds of the total available credit of $200 million will be used in part to fund the Company’s ongoing expansion projects and innovation initiatives.
HEXO most recently announced an agreement to acquire Newstrike Brands Ltd. This transaction was unanimously approved by the board of directors of both HEXO Corp and Newstrike Brands Limited. The acquisition will provide HEXO Corp capacity to produce approximately 150,000 kg of high-quality cannabis annually with access to four cutting-edge production campuses. It also provides the Company diversified domestic market penetration with combined distribution agreements in eight provinces. The combined entity is estimated to realize annual synergies of $10 million, allowing HEXO to operate more efficiently with a continued commitment to excellence. The acquisition requires Newstrike shareholder approval before being finalized.
The management’s discussion and analysis for the period and the accompanying financial statements and notes are available under the Company's profile on SEDAR at www.sedar.com and on its website at www.hexocorp.com.
Second Quarter 2019 Financial Results >
Webcast and Conference Call Information
HEXO Corp will host a conference call at 8:30 a.m. EDT on March 14, 2019.
Conference Call Details
Date: March 14, 2019
Time: 8:30 a.m. EDT
Webcast: Registration
Replay Information
A replay of the call will be accessible by telephone until 11:59 a.m. EDT on March 28, 2019.
Toll Free Dial-In Number: 1-888-390-0541
Replay Password: 432690#
About HEXO Corp
HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes products to serve the global cannabis market. Through our hub and spoke business strategy, we are partnering with Fortune 500 companies, bringing our 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 has over 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. We serve the Canadian adult-use market under the HEXO brand while continuing to provide our medical cannabis clients with consistent access to Hydropothecary medical cannabis products. 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
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You can update your preferences or unsubscribe from this list.
You are right, sweet!!!
Remember Tomorrow is Fiscal update. Hoping to see another big GREEN DAY tomorrow!
HEXO Corp to announce second quarter fiscal 2019 results and conference call
GATINEAU, Quebec, March 07, 2019 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE-A: HEXO) will release its financial results for the second quarter fiscal 2019 ended January 31 before financial markets open on March 14, 2019.
Following the release of its results, HEXO Corp will host a conference call at 8:30 a.m. EDT on March 14, 2019.
Date: March 14, 2019
Time: 8:30 a.m. EDT
Webcast: Register Now
Replay Information
A replay of the call will be accessible by telephone until 11:59 a.m. EDT on March 28, 2019.
Toll Free Dial-In Number: 1-888-390-0541
Replay Password: 432690#
For previous quarterly results and recent press releases, see hexocorp.com.
Someone should sticky this! Good day here as well as HEXO
Looks like we are ahead by a century. Better get back to listening to my music at work (I’m a big Hip fan)
That was funny. HEXO is my long term have accumulated for almost two years, and I suspect will be at 10x my investment this year. Thank you HEXO for being transparent, and doing things the right way! Cheers to the longs and to the company!
You beat me to it!
Looks like composite buying has begun. Nice chunks being bought this afternoon!
Great article!
Got the email this morning and I’m registered. Hope to see them blow earnings out of the water!!! So pumped for this call!
HEXO Corp to announce second quarter fiscal 2019 results and conference call
GATINEAU, Quebec, March 07, 2019 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE-A: HEXO) will release its financial results for the second quarter fiscal 2019 ended January 31 before financial markets open on March 14, 2019.
Following the release of its results, HEXO Corp will host a conference call at 8:30 a.m. EDT on March 14, 2019.
Date: March 14, 2019
Time: 8:30 a.m. EDT
Webcast: Register Now
Replay Information
A replay of the call will be accessible by telephone until 11:59 a.m. EDT on March 28, 2019.
Toll Free Dial-In Number: 1-888-390-0541
Replay Password: 432690#
For previous quarterly results and recent press releases, see hexocorp.com.
When is this expected to bounce or take off?
Seems all the pot stocks are up today 5% except HEXO? Something happen? We usually follow the majors
I agree with you. This should have a market cap of $5-7 billion. Stock price should be $15-$20 this year, as fair market. Once people realize this is a legit company with great sales we will see money flood in
That made me laugh, great post!
I think people want to see what sales actually are. I agree with you though, not sure why this stock doesn’t get the 5-10x multiplier that many others are getting. Should be $15-$25 range as we speak.
Keep up the great reporting! Love this stock and I (like many here) am expecting some great things over the coming months.
Another fantastic day folks.
So I’m thinking HEXO could realistically hit $20+ this year. I invite thoughts on this.
Might be the best play for 2019. I see this getting to $15-$20 this year on US, and $25 on CDN exchange. Thoughts?
Great day, and I only see more like today in the near future. Next resistance level I see is $10.30
Dilution is done, time to move on up!!!
Nice rebound off the share sales! Now time to get ready to test $10 in coming weeks!
Let’s have a great week. My goal for this stock is still $15 this year!!!
I see it’s an iHub issue. Can’t wait to hear about AGM outcome, wish I could make it.
Stock get halted? No trading last little bit?
New PR out tonight.
We are pleased to share with you that we have moved our first plants into the newly licensed portion of our one million sq. ft. greenhouse in Gatineau, QC.
The plant move into the new structure is in alignment with our continuous harvest methodology. We expect our first harvest from the new greenhouse in March 2019, with production ramping up to a capacity of 108,000 kg of dried flower per year. The newly licensed space will serve as a nursery for the rest of the expansion (the vegetation area).
EXCLUSIVE!
We’ve documented the move with a time-lapse and photos of the move, which happened yesterday.
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 Corp
204-490 Boulevard Saint-Joseph, Gatineau, QC J8Y 3Y7, Canada
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100% agree and actually think it’s more of a triple!!!
This is a great company, and will only go up from here!!!
Looks like bottom is in, time to make a lot of money here again!
Might be time to sell, company not really updating shareholders. I’m sure they have made a ton in the last number of weeks though, just seems like the hype is gone and we keep trending down!
Find it amazing that almost all the Pot stocks are mirroring each other. Kinda boring hope we get update soon!
Up listing to happen by end of year to NYSE, why are more people not super pumped by this? I’m buying with every extra dollar I can find.
Short positions in Cannabis sector are crazy. Looks like when we start seeing them cover this sector shall explode!!!!