HEXO Corp (HEXO)

[JohnCM]

Truss is structured as a standalone company with its own board of
directors and independent management team. MCC has a 57.5%
controlling interest with HEXO holding the remaining 42.5%. The fivemember
board of directors for the joint venture will initially comprise
Frederic Landtmeters, President and CEO of MCC; Paul Holden, VP
of Legal and Industry Affairs of MCC; Scott Cooper, VP, Global
Innovation of Molson Coors (Chairman of the Truss Board); Sebastien
St-Louis, CEO and co-founder of HEXO, and Ed Chaplin, CFO of
HEXO.
In connection with the closing of the transaction, HEXO has issued to
MCC 11,500,000 warrants, each of which is exercisable to purchase
one common share of HEXO at an exercise price of $6.00 for a period
of 3 years.