HEXO Corp to transfer listing to the New York Stock Exchange
July 11 2019 - 10:30AM
InvestorsHub NewsWire
HEXO Corp to
transfer listing to the New York Stock
Exchange
GATINEAU, Quebec -- July 11, 2019 --
InvestorsHub Newswire -- HEXO Corp (“HEXO” or the
“Company”) (TSX: HEXO; NYSE-A: HEXO) is pleased to announce it
has received approval from the New York Stock Exchange (the “NYSE”)
to transfer the listing of its common shares from the NYSE American
LLC (the “NYSE-A”) to the NYSE. HEXO expects to begin trading on
the NYSE effective at the open of markets on July 16,
2019.
HEXO’s shares will
trade on the NYSE under the ticker symbol “HEXO”, the same symbol
the Company’s common shares currently trade under on the NYSE-A, as
well as the Toronto Stock Exchange (the “TSX”). HEXO’s shares will
continue to trade on the TSX under such
symbol.
"We are extremely
pleased to list on the NYSE and believe it reaffirms HEXO’s strong
track-record for exceptional corporate governance and is further
proof that we are a valuable cannabis industry partner for Fortune
500 companies," said CEO and co-founder Sebastien St-Louis. “HEXO
is well-positioned to support consumer packaged goods companies
looking to enter the space given our success in the industry, our
established infrastructure including a manufacturing centre of
excellence in Ontario, Canada, our technology to support mass-scale
extraction and processing of advanced cannabis products, and our
regulatory expertise.”
In connection with
the listing of its common shares on the NYSE, the Company will
voluntarily delist its common shares from the
NYSE-A.
About HEXO
Corp.
HEXO Corp is an
award-winning consumer packaged goods cannabis company that creates
and distributes innovative 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 2.4 million
sq. ft of facilities in Ontario and Quebec. The Company is also
expanding internationally. The Company serves the Canadian
adult-use markets under its HEXO Cannabis and Up Cannabis brands,
and the medical market under HEXO medical cannabis. For more
information please visit hexocorp.com.
Forward-Looking
Information
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.
Investor Relations:
Jennifer Smith
1-866-438-8429
invest@HEXO.com
www.hexocorp.com
Media Relations:
Caroline Milliard
(819) 317-0526
media@hexo.com
Director:
Adam Miron
819-639-5498
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