Hexo Appoints US General Manager, Signaling Step Into US Operations

Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning announced the appointment of a general manager of US operations. The move is believed to have been intended as a signal to the market that the company intends to place an emphasis on cannabis-related markets south of the border.

Charles Bowman, an experienced operator in the health wellness and nutritional beverage space of close to three decades, was appointed to the role. In identifying his roles, the company was clear in that it was placing on emphasis on what it intends to focus on within its US operations.

Bowman, whom is based stateside, will be focused on the implementation of stand up and commissioning of production facilities, overseeing operations, supply chain and logistics, and build the US team. Commenting on the appointment, Hexo CEO Sebastian St-Louis commented, “We are excited to bring such established leadership to the team as we ramp up to support the growth initiatives of Truss CBD USA, our joint venture with Molson Coors, and for potential non-beverage CPG partners with whom we are in ongoing discussions.”

Production and processing facilities are currently slated to be built out in the state of Colorado for the firms “Powered by HEXO” tech.

Hexo Corp last traded at $9.95 on the TSX.


Information for this briefing was found via Sedar and Hexo Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

A Look at the Combined Newstrike Brands and Hexo Corp

Newstrike Brands (TSXV: HIP) posted it’s FY18 financial figures yesterday, giving us some insight into...

Wednesday, March 27, 2019, 10:00:41 AM

Hexo Corp Looks To Improve Cash Flows By $175 Million By 2023 From Cuts, Organic Growth

Hexo Corp (TSX: HEXO) this morning provided the market with an update to its ongoing...

Wednesday, January 19, 2022, 08:20:16 AM

Hexo Corp To Buy Redecan For $925 Million In Cash And Shares

Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning announced that it will be purchasing a...

Friday, May 28, 2021, 07:23:14 AM

Smokeless Cannabis Category Sales Surge On Quarantine Measures

No one wants cannabis beverages. Or, at least that’s the line long time cannabis enthusiasts...

Saturday, April 4, 2020, 11:36:35 AM

Zenabis Reports Q4 Revenues Of $15.9 Million, Net Loss Of $30.1 Million

Zenabis Global (TSX: ZENA) last night quietly filed its fourth quarter and full year 2020...

Thursday, April 1, 2021, 07:11:14 AM