HEXO Corp Announces Resignation of Chief Financial Officer
October 04 2019 - 4:05PM
HEXO Corp. (“HEXO” or the “Company”) (TSX:HEXO; NYSE:HEXO) today
announced that the company’s Chief Financial Officer, Michael
Monahan, has made the decision to resign, effective today.
“Since joining HEXO Corp, it has become apparent
that this job requires me to spend the majority of my time in
Gatineau and in Ottawa. During this phase of rapid expansion, the
Chief Financial Officer should be working very closely with all
team members, in person. This isn’t possible for me at this time
given my family’s needs and so I have decided to resign,” said Mr
Monahan. “I’ve had a very rewarding time at HEXO and I will
continue to assist the company as a consultant to ensure a smooth
transition.”
HEXO Corp’s CEO has also announced that Stephen
Burwash, who is currently Vice-President of Strategic Finance for
the Company, has accepted the role of Chief Financial Officer.
“Although Michael has only been with HEXO a
short time, he has made a valuable contribution to the Company,”
said Sebastien St-Louis, CEO and co-founder of HEXO. “While I
understand his reasons for his resignation, I am sorry to see him
leave the Company. We’re pleased that he has agreed to provide
consulting services to the Company to assist with the transition,
and I am grateful for his expertise, advice and counsel. With that
said, I am pleased that Stephen Burwash, who has a strong track
record with the Company, is taking on the role of Chief Financial
Officer.”
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 and has a foothold in Greece to establish
a Eurozone processing, production and distribution centre. 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 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.
Investor Relations: Jennifer
Smith 1-866-438-8429
invest@HEXO.comwww.hexocorp.com
Media Relations: Caroline
Milliard (819) 317-0526 media@hexo.com
HEXO (TSX:HEXO)
Historical Stock Chart
From Aug 2024 to Sep 2024
HEXO (TSX:HEXO)
Historical Stock Chart
From Sep 2023 to Sep 2024