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HEXO Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Charlie Bowman

Chief executive officer

CA$745.9k

Total compensation

CEO salary percentage	35.5%
CEO tenure	1.2yrs
CEO ownership	n/a
Management average tenure	1.3yrs
Board average tenure	1.3yrs

Recent management updates

Recent updates

Bearish: Analysts Just Cut Their HEXO Corp. (TSE:HEXO) Revenue and EPS estimates

Mar 21

CEO Compensation Analysis

How has Charlie Bowman's remuneration changed compared to HEXO's earnings?
Date	Total Compensation	Salary	Company Earnings
Apr 30 2023	n/a	n/a	-CA$273m
Jan 31 2023	n/a	n/a	-CA$301m
Oct 31 2022	n/a	n/a	-CA$1b
Jul 31 2022	CA$746k	CA$265k	-CA$1b
Apr 30 2022	n/a	n/a	-CA$1b
Jan 31 2022	n/a	n/a	-CA$918m
Oct 31 2021	n/a	n/a	-CA$228m
Jul 31 2021	CA$160k	CA$123k	-CA$115m

Compensation vs Market: Charlie's total compensation ($USD567.24K) is above average for companies of similar size in the Canadian market ($USD182.10K).

Compensation vs Earnings: Charlie's compensation has increased whilst the company is unprofitable.

CEO

Charlie Bowman

1.2yrs

Tenure

CA$745,938

Compensation

Mr. Charlie Bowman serves as President of HEXO Corp. since 2022 and serves as its Chief Executive Officer since April 29, 2022 and had been its Acting President since April 29, 2022 until 2022. He served...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Attanasio	Executive Chairman	1.3yrs	CA$855.02k	no data
Charlie Bowman	President & CEO	1.2yrs	CA$745.94k	no data
Julius Ivancsits	Chief Financial Officer	1.1yrs	CA$400.42k	0.0021% CA$ 844.8
Richard Redekop	Vice President of Cultivation & Operations	less than a year	no data	1.99% CA$ 798.5k
Jennifer Smith	Manager of Financial Reporting & Investor Relations	no data	no data	no data
Max Cyr	Director of Customer Experience & Compliance	no data	no data	no data
Joelle Maurais	General Counsel & Corporate Secretary	less than a year	no data	no data
Isabelle Robillard	Vice President of Communication	4.4yrs	no data	no data
Mona Matta	Vice President of People & Culture	1.4yrs	no data	no data
Michael Monahan	Consultant	3.7yrs	CA$919.41k	no data
Taras Korec	Senior Vice President of Procurement	no data	no data	no data
Terence Lake	Vice-President of Corporate & Social Responsibility	5.8yrs	CA$459.99k	no data

1.3yrs

Average Tenure

Experienced Management: HEXO's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Attanasio	Executive Chairman	1.3yrs	CA$855.02k	no data
Robin Godfrey	Independent Director	1.3yrs	CA$18.73k	no data
Hélène Fortin	Independent Director	1.3yrs	CA$41.28k	0.00016% CA$ 64.1
Vincent Chiara	Independent Director	6.6yrs	CA$111.29k	0.59% CA$ 234.7k
Peter Montour	Independent Director	1.8yrs	CA$82.68k	1.0% CA$ 399.2k
William Montour	Independent Director	1.4yrs	CA$48.67k	1.0% CA$ 399.2k
Denise Faltischek	Director	less than a year	no data	no data
Roger Savell	Director	less than a year	no data	no data

1.3yrs

Average Tenure

55.5yo

Average Age

Experienced Board: HEXO's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.

This company has been acquired

HEXO Management

Management criteria checks 0/4

Key information

Recent management updates

HEXO Corp., Annual General Meeting, Jan 31, 2023

High number of new and inexperienced directors

High number of new and inexperienced directors

HEXO Corp. Announces CFO Changes, Effective May 16, 2022

High number of new and inexperienced directors

High number of new and inexperienced directors

Recent updates

HEXO Corp.(NasdaqCM:HEXO) dropped from NASDAQ Composite Index

HEXO Corp. announced that it has received $25 million in funding

Consensus EPS estimates upgraded to CA$0.81 loss, revenue downgraded

New minor risk - Financial position

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

HEXO Corp. to Report Q3, 2023 Results on Jun 14, 2023

Price target decreased by 22% to CA$1.64

Price target decreased by 9.1% to CA$1.95

Consensus revenue estimates decrease by 27%, EPS upgraded

Bearish: Analysts Just Cut Their HEXO Corp. (TSE:HEXO) Revenue and EPS estimates

Price target decreased by 11% to CA$2.28

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

HEXO Corp. Launches Enhanced Inhalation Technology

HEXO Corp Wins Complete Dismissal of Putative Québec Shareholder Class Action

HEXO Launches Five New Cannabis Strains Under Market-Leading Redecan and Original Stash Brands

Consensus revenue estimates fall by 17%

Price target decreased to CA$0.20

First quarter 2023 earnings: EPS and revenues miss analyst expectations

HEXO Corp., Annual General Meeting, Jan 31, 2023

Consensus EPS estimates fall by 12%

High number of new and inexperienced directors

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 12%

Consensus forecasts updated

Full year 2022 earnings: EPS and revenues miss analyst expectations

Sundial Growers Inc. (NasdaqCM:SNDL) acquired Zenabis Global Inc. from HEXO Corp. (TSX:HEXO).

No longer forecast to breakeven

HEXO Granted Additional 180 Calendar Day Grace Period by Nasdaq to Regain Compliance with Minimum Bid Price Rule

Price target decreased to CA$0.29

High number of new and inexperienced directors

HEXO Corp. has completed a Follow-on Equity Offering in the amount of $40 million.

Sundial Growers Inc. (NasdaqCM:SNDL) entered into a purchase agreement to acquire Zenabis Global Inc. from HEXO Corp. (TSX:HEXO).

HEXO Corp. Announces CFO Changes, Effective May 16, 2022

HEXO Corp. Announces to Close Its Belleville Facility and Transition Its Operations

Forecast to breakeven in 2024

High number of new and inexperienced directors

Consensus EPS estimates fall by 718%

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

High number of new and inexperienced directors

HEXO Corp. Announces Refreshed Board of Directors

HEXO Provides Nasdaq Listing Update

Olegna Holdings Inc acquired a 25% stake in Belleville Complex Inc from HEXO Corp. (TSX:HEXO) for $10.1 million.

High number of new directors

Consensus revenue estimates fall by 12%

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

HEXO Corp. Reports Impairment Charges for the First Quarter Ended October 31, 2021

The Consensus EPS Estimates For HEXO Corp. (TSE:HEXO) Just Fell Dramatically

Price target decreased to CA$2.61

High number of new directors

Director & Co-Founder Sebastien St-Louis has left the company

Independent Chairman of the Board recently bought CA$260k worth of stock

Full year 2021 earnings released: CA$0.90 loss per share (vs CA$7.06 loss in FY 2020)

Full year 2021 earnings released: CA$0.90 loss per share (vs CA$7.06 loss in FY 2020)

Price target decreased to CA$4.95

Price target decreased to CA$6.12

HEXO Corp. (TSX:HEXO) completed the acquisition of 48North Cannabis Corp. (TSXV:NRTH) from Canopy Growth Corporation (TSX:WEED), Wallington Investment Holdings Limited and others.

HEXO Corp. (TSX:HEXO) completed the acquisition of 9037136 Canada Inc. (“Redecan”) from Will Montour, Pete Montour and family.

Price target decreased to CA$7.61

Does HEXO (TSE:HEXO) Have A Healthy Balance Sheet?

Third quarter 2021 earnings released: CA$0.17 loss per share (vs CA$0.26 loss in 3Q 2020)

HEXO Corp. Reports Impairment of Property, Plant and Equipment for the Third Quarter Ended April 30, 2021

Price target decreased to CA$8.75

Consensus revenue estimates fall to CA$119.5m

HEXO Corp. Wins Dismissal of Ny State Court Shareholder Class Action

Forecast to breakeven in 2023

HEXO Corp. (TSX:HEXO) completed the acquisition of Zenabis Global Inc. (TSX:ZENA).

HEXO Corp. (TSX:HEXO) entered into a definitive agreement to acquire 9037136 Canada Inc. from Will Montour, Pete Montour and family for approximately CAD 950 million.

HEXO Corp. (TSX:HEXO) agreed to acquire US Production Facility In Colorado.