Saturday, May 31, 2025

Latest

Hexo Completes $46 Million Public Offering

Hexo Corp (TSX: HEXO) (NYSE: HEXO) has completed its previously announced public offering, which has seen the company meet its obligations under current credit facilities. The firm managed to raise $46 million as a result of an over-allotted financing.

The financing saw a total of 59,800,000 units sold at a price per share of $0.77, including 7,800,000 units associated with the over-allotment option. Each unit consists of one common share and one common share purchase warrant, with each warrant enabling having an exercise price of $0.96 and a term of five years.

Funds from the financing are to be used towards working capital and general corporate purposes. Canaccord Genuity acted as the lead underwriter for the financing, which was conducted by a syndicate.

Hexo Corp last traded at $0.51 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.

2 Responses

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Hexo Corp Reports Revenues Of $29.5 Million, Loss Of $4.2 Million For Q1 2021

Hexo Corp (TSX: HEXO) (NYSE: HEXO) reported its fiscal first quarter 2021 financial results this...

Monday, December 14, 2020, 08:23:57 AM

Hexo Corp Sees Zenabis Subsidiary File For CCAA Protection Due To Sundial Growers Debt

If you thought Hexo Corp (TSX: HEXO) was a mess before, buckle up as it...

Friday, June 17, 2022, 08:16:55 AM

Hexo Corp Closes Acquisition Of Zenabis Global

HEXO Corp. (TSX: HEXO) announced today the closing of the acquisition of all issued and...

Tuesday, June 1, 2021, 09:39:10 AM

Hexo Proposes 8 To 1 Share Consolidation

Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning finally announced the inevitable – the company...

Friday, October 30, 2020, 08:35:46 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