Friday, October 24, 2025

Latest

Hexo Conducts Financing For Third Month In A Row, This Time Via ATM Program

Hexo Corp (TSX: HEXO) (NYSE: HEXO) is somehow looking for even more money. The company announced this morning, for what is at least the third month in a row, yet another financing. This time, its in the form of an at the market equity program, with total funds raised expected to total $34.5 million.

The funds will be raised via directly selling equity in the company on any exchange where Hexo’s common shares are traded at the prevailing market price. The program is expected to expire no later than December 21, 2020. The financing is being conducted by AltaCorp Capital in Canada, and Oppenheimer & Co in the USA.

The announcement this morning follows a $46 million public offering conducted in April, and a $50 million public offering in May, which upon closing grew to $57.5 million.Funds as always are stated to be used for working capital, capital expenditures, debt repayments, and potential future acquisitions.

Hexo Corp last traded at $0.94 on the NYSE.


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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Tilray Looks To Buy US$211 Million In Hexo Debt, Enter Strategic Alliance

In a sign that the Canadian cannabis operators continue to struggle, especially in terms of...

Thursday, March 3, 2022, 07:37:18 AM

Hexo Corp Closes Heavily Dilutive $70 Million Financing

Hexo Corp (TSX: HEXO) (NYSE: HEXO) has finally closed its long running financing that was...

Friday, December 6, 2019, 08:38:30 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 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

Hexo Corp Share Consolidation To Go Into Effect December 23

Hexo Corp (TSX: HEXO) (NYSE: HEXO) announced this evening after the close of markets that...

Friday, December 18, 2020, 06:25:35 PM