HEXO Announces Refreshed Board of Directors; Reaches Agreement with Adam Arviv
HEXO to reduce size of board to seven members, with Arviv retaining right to nominate eighth member following the Company's upcoming shareholder meeting
- HEXO to reduce size of board to seven members, with Arviv retaining right to nominate eighth member following the Company's upcoming shareholder meeting
GATINEAU, Quebec, Feb. 22, 2022 (GLOBE NEWSWIRE) -- HEXO Corp. (TSX: HEXO; NASDAQ: HEXO) ("HEXO" or the Company") today announced that it has entered into a transition agreement (the Agreement) with Adam Arviv and his fund, Kaos Capital, to refresh the Companys board of directors (the Board), effective immediately. - The Company has also agreed to appoint an eighth director to the Board and reasonably acceptable to the Board after the Meeting.
- I look forward to working with the refreshed board as we build the companys next chapter and deliver on the Path Forward.
- Adam Arviv and his affiliates have agreed to support the refreshed board slate at the Meeting.