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.”
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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.
