HEXO to transfer U.S. stock exchange listing to Nasdaq
August 13 2021 - 6:30AM
HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO)
announced today it has applied to transfer its U.S. stock exchange
listing from the New York Stock Exchange to the Nasdaq. While this
transfer remains subject to the approval of the Nasdaq, the Company
expects the transfer to occur effective August 23, 2021 after
market close. Common shares of HEXO are expected to begin trading
as a Nasdaq-listed security on August 24, 2021, with the shares
continuing to trade under the symbol “HEXO”.
“Transferring our U.S. listing to Nasdaq allows us to generate
shareholder value through greater cost savings on our path towards
profitability, while joining our peers on a leading global
exchange,” said HEXO CEO and co-founder Sebastien St-Louis. “We are
grateful for the partnership and support that the New York Stock
Exchange has provided to us, allowing us to be one of the first
publicly traded cannabis companies in the US.”
Current retail and institutional investor shares will
automatically be transferred over to Nasdaq and current
shareholders are not required to take any action. The last day of
trading of the Company’s common stock on NYSE is expected to be
August 23, 2021.
About HEXO
HEXO is an award-winning licensed producer of innovative
products for the global cannabis market. HEXO serves the Canadian
recreational market with a brand portfolio including HEXO, UP
Cannabis, Original Stash, Bake Sale, Namaste, and REUP brands, and
the medical market in Canada, Israel and Malta. The Company also
serves the Colorado market through its Powered by HEXO® strategy
and Truss CBD USA, a joint venture with Molson Coors. In the event
that the previously announced transactions to acquire 48North and
Redecan close, HEXO expects to be the number one cannabis products
company in Canada by recreational market share.
For more information, please visit www.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. 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:
invest@HEXO.com
www.hexocorp.com
Media Relations:
(819) 317-0526
media@hexo.com
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