Gatineau

HEXO Corp Announces Proposed Share Consolidation

Retrieved on: 
Friday, October 30, 2020
Consolidation, Financial accounting, New York Stock Exchange, N-Shares, Corporate finance, Finance, Economy

OTTAWA, Oct. 30, 2020 (GLOBE NEWSWIRE) -- HEXO Corp (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced a proposed consolidation of its common shares on the basis of eight pre-consolidation shares for one post-consolidation share (8:1) (the Consolidation).

Key Points: 
  • OTTAWA, Oct. 30, 2020 (GLOBE NEWSWIRE) -- HEXO Corp (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced a proposed consolidation of its common shares on the basis of eight pre-consolidation shares for one post-consolidation share (8:1) (the Consolidation).
  • The purpose of the Consolidation is to increase the Company's common share price to regain compliance with the US$1.00 minimum share price continued listing standard (the NYSE Price Listing Standard) of the New York Stock Exchange (the NYSE).
  • Assuming the receipt of all approvals required for the Consolidation, it is expected the Consolidation will be implemented soon after the shareholders meeting.
  • HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market.

HEXO Corp Reports Financial Results for the Fourth Quarter and Fiscal Year 2020

Retrieved on: 
Thursday, October 29, 2020
Value-added tax

Revenue from sale of goods increased 86% for fiscal 2020, totaling $110.1M compared to $59.3M in fiscal 2019.

Key Points: 
  • Revenue from sale of goods increased 86% for fiscal 2020, totaling $110.1M compared to $59.3M in fiscal 2019.
  • The Companys net revenue from sale of goods for fiscal 2020 increased 70% to $80.6M, compared with $47.3M in the prior year.
  • The Company strengthened its financial position by raising net cash of $186.7M during the year ended July 31, 2020 through various public and private offerings.
  • Operating expenses increased to $418.6M in fiscal 2020, compared to $111.5M in the prior year.

HEXO Corp to Release Fourth Quarter and Fiscal Year 2020 Financial Results and Host Investor Webcast

Retrieved on: 
Tuesday, October 27, 2020
Herbalism, Medicinal plants, Health sciences, Articles, Branches of biology, Communication, Forward-looking statement, Cannabis, Medical cannabis

HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market.

Key Points: 
  • HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market.
  • The Company serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis.
  • This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (forward-looking statements).
  • Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

HEXO Corp Announces New Appointment to the Board of Directors

Retrieved on: 
Tuesday, October 27, 2020
Articles, Committees, Corporate law, Business, Catherine Imbriglio, Board of directors, Audit committee

OTTAWA, Oct. 27, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) is pleased to announce the appointment of Emilio Imbriglio to its Board of Directors.

Key Points: 
  • OTTAWA, Oct. 27, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) is pleased to announce the appointment of Emilio Imbriglio to its Board of Directors.
  • Mr. Imbriglios appointment fills the vacancy on the Board of Directors created by Natalie Bourques resignation as a director earlier this year.
  • Mr. Imbriglio has also been appointed as a member of the Board of Directors Audit Committee.
  • I and the Board of Directors are delighted to welcome Mr. Imbriglio and look forward to working with him, said Dr. Michael Munzar, Chair of the Board of Directors of HEXO.

Precision ADM Quebec Inc. Invests into New Gatineau Manufacturing Facility to Produce and Distribute 8 Million CANSWAB™ Nasopharyngeal Swabs per Month for Québec and Canada

Retrieved on: 
Tuesday, October 20, 2020
COVID-19 testing, QUEBEC, Gatineau, Geography of Canada

GATINEAU, Quebec, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Precision ADM Qubec Inc. (PADM Quebec, the Company) will invest more than $2 million in its new Gatineau facility to manufacture the largest domestic supply of CANSWAB nasopharyngeal (NP) swabs for COVID-19 screening.

Key Points: 
  • GATINEAU, Quebec, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Precision ADM Qubec Inc. (PADM Quebec, the Company) will invest more than $2 million in its new Gatineau facility to manufacture the largest domestic supply of CANSWAB nasopharyngeal (NP) swabs for COVID-19 screening.
  • At full operation, PADM Quebec will produce 8 million NP swabs per month for Quebec and Canada.
  • The Gatineau plant will have a production capacity of more than 8 million swabs per month and will also have the mandate to manufacture the same test kits for export.
  • Precision ADM Quebecis a medical device company and global engineering and manufacturing solutions provider that uses advanced manufacturing to manufacture components and devices for the medical, aerospace, and industrial sectors.

VanillaSoft Acquires Autoklose

Retrieved on: 
Tuesday, October 20, 2020
Business, Articles, Marketing automation, Sales, Economy, Automation

Plano, Texas, Oct. 20, 2020 (GLOBE NEWSWIRE) -- VanillaSoft , a leading sales engagement technology company, is pleased to announce that they have acquired email automation and sales intelligence platform vendor Autoklose .

Key Points: 
  • Plano, Texas, Oct. 20, 2020 (GLOBE NEWSWIRE) -- VanillaSoft , a leading sales engagement technology company, is pleased to announce that they have acquired email automation and sales intelligence platform vendor Autoklose .
  • With this acquisition, the Autoklose email campaign and cadence platform will be integrated into VanillaSoft to offer customers pre- and post-sales nurturing capabilities (similar to marketing automation) from within the platform.
  • As a client of both VanillaSoft and Autoklose, I have seen firsthand the synergy between the technologies offered by these companies.
  • We are incredibly excited to bring Autoklose into the VanillaSoft team.

HEXO Corp Appoints Trent MacDonald as Acting Chief Financial Officer

Retrieved on: 
Friday, October 9, 2020

OTTAWA, Oct. 09, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) is pleased to announce the appointment of Trent MacDonald to its executive leadership team in the acting role of Chief Financial Officer, effective today.

Key Points: 
  • OTTAWA, Oct. 09, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) is pleased to announce the appointment of Trent MacDonald to its executive leadership team in the acting role of Chief Financial Officer, effective today.
  • As previously announced, Mr. MacDonald joined the Company in September, and his permanent role as Chief Financial Officer will commence upon the successful completion of Health Canadas security clearance process for key personnel, which has been initiated.
  • Stephen Burwash remained Chief Financial Officer for a transition period and is stepping down, effective today.
  • Mr. MacDonald brings more than 15 years of financial executive experience to HEXO, working for both publicly listed and private enterprises.

Adaptiv Networks & SDWAN Solutions Form Technology Partnership

Retrieved on: 
Tuesday, September 15, 2020
Computing, Articles, Configuration management, Emerging technologies, Network architecture, Data transmission, SD-WAN, Adaptiv, Technology

GATINEAU, QC and LONDON, UK, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Adaptiv Networks , a leading cloud-native SD-WAN-as-a-Service vendor, announced today its partnership with SDWAN Solutions Ltd. , an SD-WAN managed services provider serving the UK and Europe.

Key Points: 
  • GATINEAU, QC and LONDON, UK, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Adaptiv Networks , a leading cloud-native SD-WAN-as-a-Service vendor, announced today its partnership with SDWAN Solutions Ltd. , an SD-WAN managed services provider serving the UK and Europe.
  • SDWAN Solutions selected Adaptiv for the small-to-medium enterprise (SME) market following a thorough review and testing of SD-WAN vendors.
  • To take SD-WAN to smaller businesses Adaptiv Networks and SDWAN Solutions have formed a technology partnership that has created an innovative solution specifically designed for SMEs.
  • We were hugely impressed with Adaptiv Networks technology and consider them to be a formidable player in the SD-WAN arena, perhaps even unseating some of the larger global players, said Toby Sturridge CTO of SDWAN Solutions.

HEXO Corp. Announces New CFO

Retrieved on: 
Monday, September 14, 2020
Stash

OTTAWA, Sept. 14, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced that it has hired Trent MacDonald to join the Company in the role of Chief Financial Officer, with a start date expected in the coming months.

Key Points: 
  • OTTAWA, Sept. 14, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced that it has hired Trent MacDonald to join the Company in the role of Chief Financial Officer, with a start date expected in the coming months.
  • Mr. MacDonald brings more than 15 years of financial executive experience to HEXO, working for both publicly listed and private enterprises.
  • We also thank Stephen for his tremendous contribution to HEXO during his tenure as CFO.
  • The Company serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis.

VanillaSoft Named a Contender in Independent Analyst Report, Sales Engagement, Q3 2020

Retrieved on: 
Monday, September 14, 2020

Plano, Texas, Sept. 14, 2020 (GLOBE NEWSWIRE) -- VanillaSoft , a leading sales engagement technology company, is among a select group of companies that were invited by Forrester to participate in The Forrester Wave: Sales Engagement, Q3, 2020.

Key Points: 
  • Plano, Texas, Sept. 14, 2020 (GLOBE NEWSWIRE) -- VanillaSoft , a leading sales engagement technology company, is among a select group of companies that were invited by Forrester to participate in The Forrester Wave: Sales Engagement, Q3, 2020.
  • Marking its first appearance in a Forrester Wave, VanillaSoft was named a contender in this report.
  • In this report, Forrester evaluated the eight most significant sales engagement vendors, and looked at each vendors performance across 31 criteria.
  • VanillaSoft, the industrys most successful sales engagement platform, helps sales development teams engage over 18,000,000 contacts every month.