HEXO to Begin Trading on the Nasdaq

Rhea-AI Summary

HEXO Corp has officially completed its transfer of stock exchange listing from the New York Stock Exchange to the Nasdaq Capital Market, effective August 24, 2021. The transition will see HEXO’s common shares traded on Nasdaq, allowing current retail and institutional investors to retain their shares without any required action. HEXO, an award-winning cannabis producer, aims to enhance its market presence, targeting the top position in the Canadian recreational market post-acquisition of 48North and Redecan.

Positive

• Successful transfer of listing to Nasdaq, broadening investor reach.
• Potential to become the number one cannabis products company in Canada with upcoming acquisitions.

Negative

• None.

OTTAWA, Aug. 24, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NASDAQ: HEXO) today announced that the previously announced transfer of its stock exchange listing to the Nasdaq Capital Market ("Nasdaq") from the New York Stock Exchange is complete.

The Company's common share will begin trading as a Nasdaq-listed security at market open today, August 24, 2021. Current retail and institutional investor shares will automatically be transferred over to Nasdaq. Current shareholders are not required to take any action.

About HEXO

HEXO is an award-winning licensed producer of innovative products for the global cannabis market. HEXO serves the Canadian recreational market with a brand portfolio including HEXO, UP Cannabis, Original Stash, Bake Sale, Namaste, and REUP brands, and the medical market in Canada, Israel and Malta. The Company also serves the Colorado market through its Powered by HEXO^® strategy and Truss CBD USA, a joint venture with Molson Coors. In the event that the previously announced transactions to acquire 48North and Redecan close, HEXO expects to be the number one cannabis products company in Canada by recreational market share.

For more information, please visit www.hexocorp.com.

Investor Relations:

invest@HEXO.com

www.hexocorp.com

Media Relations:

(819) 317-0526

media@hexo.com

FAQ

When did HEXO transfer to Nasdaq?

HEXO transferred to Nasdaq on August 24, 2021.

What is the stock symbol for HEXO?

The stock symbol for HEXO is HEXO.

What does HEXO focus on?

HEXO specializes in innovative products for the global cannabis market.

What will happen to my HEXO shares after the transfer?

Current shareholders do not need to take any action; shares will be automatically transferred.

What brands does HEXO offer?

HEXO's brands include HEXO, UP Cannabis, Original Stash, Bake Sale, Namaste, and REUP.