Tag: HEXO

StaffDecember 15, 2022
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5min00
The Daily Hit is a recap of cannabis business news for Dec. 15, 2022. ON THE SITE California Investor Claims Fraud on CBD Company A California investment manager has filed a lawsuit against the principals of a fraudulent CBD company claiming the individuals misrepresented their experience and the company. The court complaint, filed Dec. 9, […]

Debra BorchardtJune 21, 2022
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6min00
Once upon a time, owning a cannabis company seemed like a sure bet. Even if you couldn’t make the business work, there was always an option to sell it. So many people have been desperate to get into the cannabis industry that they were willing to pay just about any price. In other words premium […]

Debra BorchardtJune 17, 2022
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3min00
HEXO Corp. (NASDAQ: HEXO) acknowledged today that its wholly-owned subsidiary, Zenabis Global Inc. has filed a petition with the Superior Court of Québec for protection under the Companies’ Creditors Arrangement Act in order to restructure their business and financial affairs. CCAA is basically the Canadian version of bankruptcy. Hexo said that the CCAA petition is limited […]

StaffJune 14, 2022
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3min00
Tilray Brands, Inc.(Nasdaq: TLRY) was able to lower the price it is paying for Hexo. The changes to the original deal include an additional discount on Tilray Brands’ purchase price as well as the reduction of the conversion price under the HEXO Note from C$0.85 to C$0.40 per share. The deal is expected to close […]

Debra BorchardtApril 12, 2022
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4min00
Tilray Brands Inc. (NASDAQ: TLRY) is leaning into its Hexo Corp. (NASDAQ: HEXO) debt buying with the announcement that it would buy Hexo’s remaining $193 million senior secured convertible note. The deal is expected to close by the end of May 2022. The Note will be amended to include conversion rights at a price of […]

Debra BorchardtMarch 18, 2022
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4min00
HEXO Corp. (NASDAQ: HEXO) reported its financial results for the second fiscal quarter ended January 31, 2022. Hexo reported total net revenues increased 61% to $52.8 million. The company reported a total net loss of $690 million. The company wrote-down $616 million in impairments. Still, at the end of its second quarter, Hexo was not […]

Debra BorchardtMarch 3, 2022
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4min00
Tilray Brands, Inc.  (Nasdaq: TLRY) is striking up a partnership with Hexo Corp. (Nasdaq: HEXO) by buying $211 million of its debt. The move will bring together Canada’s top two cannabis market share leaders, strengthening their respective positions and setting the stage for increased production efficiencies amid competitive market dynamics. Tilray’s stock was slipping slightly […]

Debra BorchardtDecember 14, 2021
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9min00
Hexo Corp. (TSX: HEXO; NASDAQ: HEXO)  reported its results for the fiscal first quarter of 2022 ending October 31, 2021, with revenue rising 29% sequentially to $50.2 million. Hexo also reported a total net loss of $116 million or ($0.46) per share. In addition to the numbers, the company also updated shareholders on its new […]

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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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