Wednesday, July 2, 2025

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

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

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

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

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

Hexo Corp Raises US$144.8 Million In Last Minute Financing

Hexo Corp (TSX: HEXO) (NASDAQ: HEXO) last night announced that it has closed its previously...

Wednesday, August 25, 2021, 07:49:00 AM

Hexo Posts Fourth Quarter Revs of $15.4 Million, Loss of $56.7 Million

Hexo Corp (TSX HEXO) (NYSE: HEXO) filed its interim financial statements for the fourth quarter...

Monday, October 28, 2019, 11:24:04 PM

Hexo Cuts 180 Jobs To Save $15 Million Annually

How do you reduce costs to push towards profitability? If you’re Hexo Corp (TSX: HEXO),...

Thursday, February 10, 2022, 07:35:06 AM

Medipharm Labs Scrambles To Instill Investor Confidence

Medipharm Labs (TSX: LABS) appears to be scrambling to quell investor fears, releasing an update...

Thursday, January 30, 2020, 08:29:16 AM

Molson Coors Exits Cannabis Business With Divesture Of Truss Beverage Co To Tilray Brands

It appears that Molson Coors (NYSE: TAP) no longer wishes to be associated with cannabis...

Friday, August 18, 2023, 08:38:30 AM