Hexo to trade on NYSE small-cap exchange on Jan. 23
Quebec-based Hexo Corp. announced Thursday it will commence trading on New York Stock Exchange’s small-cap exchange, the NYSE American, on Jan. 23. The move comes amid a growing need for Canadian pot companies to tap a broader investor base, and in Hexo’s case, after the company looks to develop a range of pot-infused beverages. Hexo, which already trades on the Toronto Stock Exchange, will join several other Canadian cannabis producers that have listed on the NYSE, including Aphria Inc. and Aurora Cannabis Inc.
Beer makers eye cannabis to stem lower sales, shifting consumer tastes
Worried by declining sales, beer makers are making a big push into the cannabis space. The Associated Press reports on how cannabis is being used to combat saturated markets and shifting consumer trends. Anheuser-Busch InBev, Molson Coors and Corona brewer Constellation Brands Inc. have all announced partnerships with several Canadian cannabis producers as a potential engine for future growth. However, Wall Street remains cautious about the potential return of investing into cannabis given the current illegality of the drug at the federal level in the U.S.
Symbol
Shares Issued
Hexo to begin NYSE American trading Jan. 23
2019-01-17 07:31 ET - News Release
HEXO TO BEGIN TRADING ON THE NYSE AMERICAN
Hexo Corp.'s common shares have been approved for listing on the NYSE American LLC and will commence trading effective at the open of markets on Jan. 23, 2019.
HEXO's shares will trade on the NYSE American under the ticker symbol "HEXO", the same symbol the Company's common shares currently trade under, and will continue to trade under, on the Toronto Stock Exchange.
Concurrent with the commencement of trading on the NYSE American, HEXO intends to cease the quotation of its shares on the OTCPK under the symbol "HYYDF".
While shareholders are not required to take any action, the Company recommends that holders who bought shares on the OTCPK monitor their institution/brokerage account to ensure their holdings are correctly reflected under the new ticker symbol.
About HEXO Corp.
HEXO Corp. is an award-winning consumer packaged goods cannabis company that creates and distributes award-winning products to serve the global cannabis market. Through our hub and spoke business strategy, we are partnering with Fortune 500 companies, bringing our brand value, cannabinoid isolation technology, licensed infrastructure and regulatory expertise to established companies, leveraging their distribution networks and capacity.
As one of the largest licensed cannabis companies in Canada, HEXO Corp. operates with over 1.3 million sq. ft of facilities in Ontario and Quebec and a foothold in Greece to establish a Eurozone processing, production and distribution centre. We serve the Canadian adult-use market under the HEXO brand while continuing to provide our medical cannabis clients with consistent access to Hydropothecary medical cannabis products. For more information please visit hexocorp.com.
We seek Safe Harbor. © 2019 Canjex Publishing Ltd. All rights reserved.
Van Sun says Hexo's Lake enjoys benefits of CBW
2019-01-11 07:48 ET - In the News
After plenty of research, he now counts himself among them, using CBD, the non-psychoactive cannabinoid in cannabis, daily. "I'm trying to judge for myself whether or not it's having a positive impact on me and I can say that I think it is," Mr. Lake said at the Cannabis Expo in Vancouver. "I also know there's a placebo effect with anything like that so, you know, I have to be careful about how I interpret that. But certainly, it doesn't have any adverse effects and I really think that it's helped me in terms of my ability to deal with stress."
Mr. Lake is cautious when discussing any perceived medical effect of cannabis because he does not want to spread unscientific medical evidence, but he enjoys hearing anecdotes about pot's benefits.
© 2019 Canjex Publishing Ltd. All rights reserved.
Hexo to 9.29 Oct 16 2018 and then it sold off as did all other
Cannabis stocks low of 4.11 Dec 24 2018
Now with the NYSE announcement it is fighting its way back up thru 6.33 cdn as of today.
The question remains to be answered
Will HEXO run thru 9.00 before the NYSE Debut?
We think it has the best chance due to being under the radar and having a small public float of shares.
See what we have researched and decide...Is this the next to double?
Insiders Action:
Anonymous Accumulating
And Merrill Lynch #39 USA Brokerage has invested 5 Million Since Jan 2 2019
| Broker Positions for C:HEXO Broker #39 from 20190101 to 20190117 |
| Date | Bought | $Val | Ave | Sold | $Val | Ave | Net | Position | $Net | $Position |
|---|---|---|---|---|---|---|---|---|---|---|
| 20190102 | 333,602 | 1,662,084 | 4.982 | 248,325 | 1,247,407 | 5.023 | 85,277 | 85,277 | -414,677 | -414,677 |
| 20190103 | 395,676 | 2,194,257 | 5.546 | 385,295 | 2,142,759 | 5.561 | 10,381 | 95,658 | -51,498 | -466,175 |
| 20190104 | 250,510 | 1,461,380 | 5.834 | 523,700 | 3,048,506 | 5.821 | -273,190 | -177,532 | 1,587,126 | 1,120,951 |
| 20190107 | 366,412 | 2,238,650 | 6.11 | 604,311 | 3,722,077 | 6.159 | -237,899 | -415,431 | 1,483,427 | 2,604,378 |
| 20190108 | 245,995 | 1,542,686 | 6.271 | 752,557 | 4,706,653 | 6.254 | -506,562 | -921,993 | 3,163,967 | 5,768,345 |
| 20190109 | 214,168 | 1,334,772 | 6.232 | 267,724 | 1,668,641 | 6.233 | -53,556 | -975,549 | 333,869 | 6,102,214 |
| 20190110 | 413,818 | 2,631,550 | 6.359 | 341,617 | 2,166,382 | 6.342 | 72,201 | -903,348 | -465,168 | 5,637,046 |
| 20190111 | 337,245 | 2,160,175 | 6.405 | 225,566 | 1,436,325 | 6.368 | 111,679 | -791,669 | -723,850 | 4,913,196 |
| 20190114 | 223,553 | 1,386,050 | 6.20 | 382,117 | 2,377,221 | 6.221 | -158,564 | -950,233 | 991,171 | 5,904,367 |
| 20190115 | 199,363 | 1,224,148 | 6.14 | 196,082 | 1,200,129 | 6.121 | 3,281 | -946,952 | -24,019 | 5,880,348 |
| 20190116 | 166,627 | 1,019,865 | 6.121 | 184,013 | 1,124,230 | 6.11 | -17,386 | -964,338 | 104,365 | 5,984,713 |
| 20190117 | 213,133 | 1,345,981 | 6.315 | 71,613 | 451,202 | 6.301 | 141,520 | -822,818 | -894,779 | 5,089,934 |
| TOTAL | 3,360,102 | 20,201,598 | 6.012 | 4,182,920 | 25,291,532 | 6.046 | -822,818 | 5,089,934 |
Notice:
We have NOT received any remuneration for this HEXO summary. We are long HEXO and reserve the right to sell at any time without notice to the reader.
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