HEXO Corp announces interim CFO
May 01 2019 - 9:36AM
HEXO Corp. (“HEXO” or the “Company”) (TSX:
HEXO;
NYSE-A:
HEXO) today announced that the nomination
of Steve Burwash as interim Chief Financial Officer.
As previously disclosed by the Company in
January 2019, the Company has been working on a transition plan
with Mr. Chaplin since his departure was announced at that time,
and has been undertaking a search process for Mr. Chaplin’s
successor, seeking a candidate with global consumer packaged goods
company experience. The Company expects to conclude this process
and hire a new CFO in the near future.
Pending the conclusion of this process, the
Company has appointed Steve Burwash, Vice-President, Strategic
Finance, to serve as Acting Chief Financial Officer on an interim
basis. Mr. Chaplin will also be available to offer support to the
Company for six months following his departure to enable a smooth
transition period.
"We want to thank Ed for his tremendous
contribution to HEXO and his tireless work to support me and the
entire team during his tenure,” said Sebastien St-Louis, Chief
Executive Officer and co-founder of HEXO Corp. “We have been
working diligently to find the right individual to succeed Ed as
CFO and further strengthen our team as we continue building HEXO as
a consumer packaged goods cannabis company to serve the global
cannabis market. We look forward to sharing news about the outcome
of this process soon.” Steve brings a wealth of experience in
global finance and operations to his role of Vice-President of
Strategic Finance. Steve has held senior management positions in
the aerospace and defence, telecommunications and manufacturing
industries. Most recently Steve held management positions at Mitel
Networks where he led financial planning and analysis for the Cloud
division and led the company’s financial integration and business
process optimization across 12 countries.
About HEXO
HEXO Corp is an award-winning consumer packaged
goods cannabis company that creates and distributes prize-winning
products to serve the global cannabis market. Through its hub and
spoke business strategy, HEXO Corp is partnering with Fortune 500
companies, bringing its brand value, cannabinoid isolation
technology, licensed infrastructure and regulatory expertise to
established companies, leveraging their distribution networks and
capacity. As one of the largest licensed cannabis companies in
Canada, HEXO Corp operates with 1.8 million sq. ft of facilities in
Ontario and Quebec and has a foothold in Greece to establish a
Eurozone processing, production and distribution centre. The
Company serves the Canadian adult-use and medical markets. For more
information please visit hexocorp.com .
Forward-Looking Statements
This press release contains forward-looking
information and forward-looking statements within the meaning of
applicable securities laws (“forward-looking statements”).
Forward-looking statements are based on certain expectations and
assumptions and are subject to known and unknown risks and
uncertainties and other factors that could cause actual events,
results, performance and achievements to differ materially from
those anticipated in these forward-looking statements.
Forward-looking statements should not be read as guarantees of
future performance or results. A more complete discussion of the
risks and uncertainties facing the Company appears in the Company’s
Annual Information Form and other continuous disclosure filings,
which are available on SEDAR at www.sedar.com and EDGAR at
www.sec.gov. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking statements as a result of new
information or future events, or for any other reason.
For further information, please
contact:
Investor Relations:Jennifer
Smith1-866-438-8429invest@hexo.com Media
Relations:Caroline Milliard819-317-0526media@hexo.com
Director:Adam
Miron819-639-5498
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