Aankondiging • Jun 23
HEXO Corp. announced that it has received $25 million in funding On June 22, 2023, HEXO Corp. closed the transaction. As on the same day, the company has issued 13,500,000 series 1 preferred shares at an issue price of $1 per share for additional gross proceeds to the $13,500,000 in second of two tranches. New Risk • Jun 15
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -CA$48m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$48m). Currently unprofitable and not forecast to become profitable over next 3 years (CA$5.9m net loss in 3 years). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (€30.4m market cap, or US$33.2m). Reported Earnings • Jun 15
Third quarter 2023 earnings released: CA$2.68 loss per share (vs CA$4.69 loss in 3Q 2022) Third quarter 2023 results: CA$2.68 loss per share (improved from CA$4.69 loss in 3Q 2022). Revenue: CA$21.6m (down 53% from 3Q 2022). Net loss: CA$117.2m (loss narrowed 19% from 3Q 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Pharmaceuticals industry in Germany. Aankondiging • Jun 13
HEXO Corp. to Report Q3, 2023 Results on Jun 14, 2023 HEXO Corp. announced that they will report Q3, 2023 results After-Market on Jun 14, 2023 Reported Earnings • Mar 18
Second quarter 2023 earnings released: EPS: CA$0.017 (vs CA$27.98 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$0.017 (up from CA$27.98 loss in 2Q 2022). Revenue: CA$24.2m (down 54% from 2Q 2022). Net income: CA$722.0k (up CA$711.6m from 2Q 2022). Profit margin: 3.0% (up from net loss in 2Q 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Pharmaceuticals industry in Germany. Aankondiging • Feb 09
HEXO Corp. Launches Enhanced Inhalation Technology HEXO Corp. announced that it will be launching a unique proprietary inhalation technology, intended to greatly improve the cannabis experience. The development allows HEXO to increase its straight edge pre-roll production capacity, accelerating the delivery of the immensely popular Redecan Redees products to include the new TnT cannabis strain series and expanding HEXO’s Original Stash brand to address rising consumer demand. Consumers have reacted positively to the new format and strains, and this expansion supports HEXO’s continued leadership of the Canadian straight edge pre-roll market. The Redecan Redees straight edge pre-roll is HEXO’s premium pre-roll product and Canada’s fastest growing and largest pre-roll in terms of market share. Redees are known as some of the smoothest products on the market and do not have an “after-burn” like many straight edge pre-roll products. Consumers also prefer their ease of use, appealing packaging and convenience over the more common but less consistent commodity cannabis products. Thoughtfully designed with an extra-long filter, tightly packed and offered in a convenient 10-pack, Redecan Redees are the original personal-sized straight edge pre-roll. Redecan Redees straight edge pre-rolls also now feature a unique inhalation technology, developed through comprehensive consumer research and feedback. Incorporating the new proprietary technology allows an enhanced draw and intake, further heightening the consumer experience. HEXO’s flagship Redecan Redees brand is launching several TnT strains throughout the year, including Warlock, Gluberry and Animal Rntz, along with a new 2:1 CBD:THC balanced product, CBD Kush, which offers the benefits of both cannabinoids. The brand will also continue to feature consumer favourites such as the Cold Creek Kush Redees and WappaRedees. HEXO’s Original Stash line will launch its own straight edge pre-rolls, featuring the line’s popular Atomik Sour Haze and Powdered Donuts. Aankondiging • Jan 28
HEXO Corp Wins Complete Dismissal of Putative Québec Shareholder Class Action HEXO Corp. announced that it has won a complete dismissal of the putative securities class action lawsuit pending before the Québec Superior Court against the Company and its former Chief Executive Officer, filed on November 19, 2019 on behalf of certain primary market and secondary market purchasers of securities of the Company. As previously disclosed, HEXO and its former Chief Executive Officer (“Defendants”) were named in a shareholder class action lawsuit filed in the province of Québec. The lawsuit asserted causes of action for misrepresentations and breaches of disclosure obligations under the Québec Securities Act and the Civil Code of Québec in connection with certain statements contained in HEXO’s prospectus, public documents and public oral statements between April 11, 2018 and March 27, 2020. In a 48-page opinion dated January 23, 2023, the Superior Court of Québec dismissed the Plaintiff’s amended motion in its entirety, with costs. The Court agreed with the Defendants that there was “no reasonable possibility” that the secondary market claim filed under the Québec Securities Act had a reasonable chance of success, or that the Plaintiff had demonstrated an arguable case for a primary market class action or a civil liability class action “for misrepresentation under the general principles of fault in the civil law.” The Plaintiff has a right to appeal. Aankondiging • Jan 10
HEXO Launches Five New Cannabis Strains Under Market-Leading Redecan and Original Stash Brands HEXO Corp. announced the launch of its new TnT Cannabis strains under the Redecan and Original Stash Brandslabels across Canada. The new strains further expand HEXO’s top-selling product portfolio and are available on retailer shelves now. The launch includes three new products from HEXO’s popular Redecan line and two new strains under the Original Stash Brand. Redecan’s hang-dried and hand-trimmed cannabis features a trailblazing THC range of 23 to 35% and high terpene profiles tailored for creativity, excitement and to help unwind. The new TnT cannabis strains will feature extremely dense buds covered in trichomes: Sex Panther (flower), an Indica hybrid strain, has a powerful effervescent cake flavour. Violet Fog (flower), a purple reign Indica strain, from the Grape Gasoline and Khalifa Mints Strains features robust fruity and sour notes. Animal Rntz (flower), a combination of Canada’s popular Animal Cookie and California’s RNTZ strains, has a fruity tartness along with a sweet and sour aroma, highlighted by astounding levels of limonene and caryophyllene terpenes. HEXO’sMaster Growers have spent the past two years optimizing cannabis genetics and cultivation techniques on their proprietary Indica and Sativa cannabis strains to maximize terpenes and THC percentages for the Canadian market. The new strains added to the Original Stash Brand line-up leverage Canada’s broadest Licensed Producer’s cultivation capabilities and include: Atomik Sour Haze (flower), Sativa strain features amazing fruity and sour notes. Ghost Gelato (flower), an Indica strain, bringing a funk smell reminiscent of old school marijuana. Reported Earnings • Dec 16
First quarter 2023 earnings released: CA$0.094 loss per share (vs CA$0.47 loss in 1Q 2022) First quarter 2023 results: CA$0.094 loss per share (improved from CA$0.47 loss in 1Q 2022). Revenue: CA$35.8m (down 29% from 1Q 2022). Net loss: CA$56.3m (loss narrowed 52% from 1Q 2022). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Pharmaceuticals industry in Germany. Aankondiging • Dec 07
HEXO Corp., Annual General Meeting, Jan 31, 2023 HEXO Corp., Annual General Meeting, Jan 31, 2023. Board Change • Nov 17
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Independent Director Vincent Chiara is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Nov 03
No longer forecast to breakeven The 6 analysts covering HEXO no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CA$15.5m in 2025. New consensus forecast suggests the company will make a loss of CA$0 in 2025. Breakeven Date Change • Nov 01
No longer forecast to breakeven The 9 analysts covering HEXO no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CA$15.5m in 2025. New consensus forecast suggests the company will make a loss of CA$0 in 2025. Board Change • Jul 22
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Vincent Chiara is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Apr 12
Forecast to breakeven in 2024 The 9 analysts covering HEXO expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 40% per year to 2023. The company is expected to make a profit of CA$7.95m in 2024. Average annual earnings growth of 84% is required to achieve expected profit on schedule. Board Change • Apr 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Vincent Chiara is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 19
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: CA$2.00 loss per share (down from CA$0.17 loss in 2Q 2021). Revenue: CA$52.8m (up 61% from 2Q 2021). Net loss: CA$710.9m (loss widened CA$690.0m from 2Q 2021). Revenue missed analyst estimates by 7.7%. Over the next year, revenue is forecast to grow 61%, compared to a 8.2% growth forecast for the industry in Germany. Board Change • Mar 03
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Vincent Chiara is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jan 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chairman of the Board John Bell was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 15
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: CA$0.47 loss per share (down from CA$0.035 loss in 1Q 2021). Revenue: CA$50.2m (up 70% from 1Q 2021). Net loss: CA$117.3m (loss widened CA$113.1m from 1Q 2021). Revenue missed analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 76%, compared to a 7.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 61% per year, which means it is performing significantly worse than earnings. Board Change • Dec 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. President, CEO & Director Scott Cooper was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Nov 29
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 29
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 29
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 29
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 28
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 28
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 28
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 28
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 28
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 28
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 27
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 26
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 25
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 25
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 25
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 25
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 25
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 25
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Executive Departure • Nov 25
Director & Co-Founder Sebastien St-Louis has left the company During their tenure, earnings grew by 87% annually compared to the industry average of 4.6%. On the 18th of November, Sebastien St-Louis was replaced as CEO by Scott Cooper after 8.2 years in the role. As of September 2021, Sebastien still personally held 1.59m shares (€2.5m worth at the time). Sebastien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.29 years. Recent Insider Transactions • Nov 07
Independent Chairman of the Board recently bought €181k worth of stock On the 1st of November, Michael Munzar bought around 150k shares on-market at roughly €1.21 per share. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Reported Earnings • Oct 30
Full year 2021 earnings released: CA$0.90 loss per share (vs CA$7.06 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: CA$123.8m (up 53% from FY 2020). Net loss: CA$114.8m (loss narrowed 79% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 25
HEXO Corp. has completed a Composite Units Offering in the amount of $140.000003 million. HEXO Corp. has completed a Composite Units Offering in the amount of $140.000003 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 47,457,628
Price\Range: $2.95
Discount Per Security: $0.118 Breakeven Date Change • Aug 24
Forecast to breakeven in 2024 The 6 analysts covering HEXO expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$5.50m in 2024. Average annual earnings growth of 56% is required to achieve expected profit on schedule. 