HEXO Announces the Appointment of a New Board Member and Acting CFO
January 05 2022 - 8:05AM
HEXO Corp ("HEXO", or the "Company") (TSX: HEXO; NASDAQ: HEXO),
today announced the appointment of William Todd Montour to the
Company's Board of Directors following the resignation of Jason
Ewart, effective immediately.
"I am pleased to welcome Will to the Board, and
I am confident that his experience in cannabis operations and
commercialization will be invaluable to the Company as we enter our
next stage of growth," said John K. Bell, Chair of the Board of
Directors, HEXO. "On behalf of HEXO's Board of Directors, I would
like to thank Jason for his leadership during his time at the
Company," stated Mr Bell.
Will Montour co-founded Redecan, which before HEXO's recent
acquisition was Canada's largest privately-owned licensed cannabis
producer. Mr Montour played a critical role in transforming Redecan
from a medical supplier to a recreational cannabis powerhouse.
Before joining Redecan, Mr Montour spent thirteen years supporting
his family's tobacco company, the largest privately-owned
Indigenous company globally.
The Company is also pleased to announce the
appointment of Curtis Solsvig as acting-Chief Financial Officer,
effective immediately.
"We are fortunate that Curt was able to join
HEXO," said Scott Cooper, CEO of HEXO. "I look forward to
leveraging Curt's many years of financial leadership, particularly
his experience with complex restructuring situations. The Board and
I have confidence in Curt's ability to lead our financial team
while HEXO searches for a permanent CFO. I would also like to thank
Trent MacDonald for his dedication to the Company over the years,"
continued Mr Cooper.
Curt has extensive experience improving operations, reducing
costs, making more efficient use of working capital, and
implementing balance sheet solutions. Mr Solsvig also has extensive
expertise in the fund management business, including portfolio and
financial management, fund administration and board-level
supervision. He has over 30 years of senior management and
consulting experience with companies including Lily, Restoration
Hardware, Borders Books and Atari. He graduated from Harvard
College with a B.A. in Economics, magna cum laude, and from Harvard
Business School with an M.B.A.
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
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,
Redecan, UP Cannabis, Namaste Original Stash, 48North, Trail Mix,
Bake Sale, REUP and Latitude 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. With the completion of HEXO's
recent acquisitions of Redecan and 48North, HEXO is a leading
cannabis products company in Canada by recreational market share.
For more information, please visit hexocorp.com.
For more information, please visit
www.hexocorp.com.
Investor
Relations:invest@HEXO.comwww.hexocorp.com
Media Relations:(819)
317-0526media@hexo.com
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