Monday, October 18, 2021 10:05:17 AM
Hexo Close To Finding A New CEO After Departure Of Sebastien St-Louis -- MarketWatch
Dow Jones Newswires October 18, 2021 07:30:00 AM ET
Hexo Corp. (HEXO.T) said Monday it's in advanced talks with "a preferred CEO candidate" and it expects to make an announcement in coming days. The company said founder and CEO Sebastien St-Louis has left the cannabis beverage company as part of a strategic reorganization. Hexo chairman Michael Munzar thanked St-Louis and said the board has set up a special committee for succession to find a new CEO to help the company defend its "position as a market leader in Canada and secure our place as a top-three global cannabis company." In a statement, St-Louis said the Hexo"future is bright" and that he looks forward to the company's next stage of growth as a significant shareholder. Hexo COO Donald Courtney has also resigned but will remain in the position until a replacement is identified. St-Louis had been with Hexo since he founded the company in 2013. HEXO shares are down 53% this year, negatively outpacing the Cannabis ETF's (THCX) 3% dip YTD.
Recent HEXO News
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- HEXO Corp. Announces Completion of Acquisition by Way of Arrangement With Tilray Brands, Inc. • Business Wire • 06/22/2023 09:02:00 PM
- Tilray Brands Completes Accretive Acquisition of HEXO Corp. Leading the Next Evolution of Canadian Cannabis • GlobeNewswire Inc. • 06/22/2023 09:00:00 PM
- HEXO Corp. Announces Receipt of Final Order for Arrangement With Tilray Brands, Inc. • Business Wire • 06/19/2023 08:06:00 PM
- HEXO Reports Q3’23 Financial Results • Business Wire • 06/14/2023 08:51:00 PM
- Hexo Corp.’s Shareholders Approve Acquisition by Way of Arrangement With Tilray Brands, Inc. • Business Wire • 06/14/2023 04:17:00 PM
- HEXO to Host Third Quarter 2023 Earnings Conference Call • Business Wire • 06/12/2023 09:10:00 PM
- HEXO Announces Closing of Non-Brokered Private Placement and Amendments to Arrangement Agreement and Waiver and Amendment Agreement • Business Wire • 06/01/2023 09:30:00 PM
- Leading Independent Proxy Advisory Firm ISS Recommends HEXO Shareholders Vote FOR the Arrangement Agreement with Tilray Brands • Business Wire • 05/26/2023 11:00:00 AM
- HEXO Corp. Files Circular for Special Meeting of Shareholders to Approve Arrangement With Tilray Brands, Inc. • Business Wire • 05/16/2023 11:00:00 AM
- HEXO Corp. Announces Receipt of Interim Order in Respect of Arrangement With Tilray Brands, Inc. • Business Wire • 05/10/2023 08:45:00 PM
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