Hexo Stock News

Hexo Corp (NASDAQ: HEXO), a leading producer of high-quality cannabis products, is cutting 180 jobs, as part of the Canadian company's cost-cutting plan, resulting in annual savings of approximatel

Hexo Corp (NASDAQ: HEXO ), a leading producer of high-quality cannabis products, is cutting 180 jobs , as part of the Canadian company''s cost-cutting plan, resulting in annual savings of approximately $15 million on an annualized basis. Half of these positions are related to the previously announced closure of its Stellarton facility . The remaining reductions are related to reducing back-office positions where there is significant overlap as a result of recent … Full story available on Benzinga.com

Struggling cannabis producer Hexo Corp. is cutting 180 jobs as part of its bid to reduce corporate spending by approximately one-third through the end of next year. Cannabis producer Hexo cuts 180 jobs in bid to save cash is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Hexo Corp. said Wednesday it is cutting 180 jobs, as part of the Canada-based cannabis company''s cost-cutting plan. The layoffs represent about 14% of the company''s workforce, which was about 1,277, according to the latest FactSet data. Half of the layoffs are result of the previously announced closure of its Stellarton facility, and the rest are related to the reduction of back-office positions. Hexo said the cuts will lead to annual savings of about C$15 million ($11.8 million). "Today''s announcement was not an easy one to make. We are working with all impacted employees to the best of our ability to ensure that they are treated fairly and provided the support necessary to assist with this transition," said Chief Executive Scott Cooper. The U.S.-listed stock rose 6.8% in afternoon trading to 69 cents. In late-January, the company said it received notice from the Nasdaq that it was not in compliance with the minimum-bid listing requirement, as the stock has closed below $1 since Dec.

Le présent communiqué de presse constitue un « communiqué désigné » aux fins du supplément de prospectus de la Société daté du 11 mai 2021 à son prospectus simplifié préalable de base

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 11, 2021 to its short form base shelf prospectus dated May 7, 2021 and

Hexo Corp HEXO, a leading producer of high-quality cannabis products, is cutting 180 jobs, as part of the Canadian company's cost-cutting plan, resulting in annual savings of approximately $15 mill

Hexo Corp. HEXO, +6.49% said Wednesday it is cutting 180 jobs, as part of the Canada-based cannabis company's cost-cutting plan. The layoffs represent about 14% of the company's workforce, which was a

The clock has begun ticking down on this pot stock.

The clock has begun ticking down on this pot stock.

The clock has begun ticking down on this pot stock.

Welcome back to our weekly series,  Schaeffer's Cannabis Stock News Update , where we recap what happened in the world of marijuana stocks, and look at how the cannabis industry is shaping up as we k

Canadian Marijuana Stocks For Your 2022 Watchlist The post 2 Canadian Marijuana Stocks To Watch Right Now appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industr

Investor says cannabis company is in severe financial distress and on track to run short of capital to run operations

Concerned shareholder, Adam Arviv, through his fund KAOS Capital Ltd. announced on Wednesday his plan to nominate five new independent directors at HEXO Corp. with a goal of replacing the majority of