UP Cannabis repositions brand and launches bold brand differentiator: 20% THC or higher in all its flower products, every time

Rhea-AI Summary

HEXO Corp. has revamped its UP Cannabis brand, ensuring all dried flower products contain 20% THC or more. The company aims to meet consumer demand for high-quality cannabis at competitive prices. CEO Sebastien St-Louis emphasized the importance of delivering consistency in product quality and THC potency. Initial offerings include Northern Berry, Cold Creek Kush, and Ghost Train Haze, with plans for more cultivars to follow. HEXO is positioned well financially and intends to grow its market share nationally, enhancing consumer trust through clear labeling of THC content.

Positive

• Revamped UP Cannabis brand guarantees 20% THC or higher in all dried flower products.
• Initial product offerings include popular cultivars like Northern Berry and Cold Creek Kush.
• Strong financial position enables HEXO to expand sales and market share.

Negative

• None.

OTTAWA, Dec. 01, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) is proud to announce that it has repositioned the UP Cannabis (“UP”) brand with a differentiator of 20% THC or higher in all dried flower products, every time. With a focus on consumer feedback, HEXO has launched a bold new campaign to support UP’s re-entry to the market and has adapted processes and systems to deliver improvements on quality and freshness, at a fair price. By building trust and credibility with consumers, UP is aiming to become Canada’s Cannabis.

“Canadian cannabis consumers have been clear with their demands since legalization and, until now, the entire industry has struggled to give consumers what they are looking for. We know that they want consistently superb quality and high THC at a competitive price,” said HEXO CEO and co-founder Sebastien St-Louis. “We’ve listened and have adapted systems and processes to offer just that.”

UP’s revamped dry flower line will initially feature Northern Berry, Cold Creek Kush and Ghost Train Haze. These cultivars were selected with consumers in mind based on their elevated status within the Canadian cannabis community. Additional sought-after cultivars will follow in the coming months.

“HEXO is in a strong financial position and is committed to growing sales nationally as we continue to increase market share. UP is already driving sales and delighting consumers across Canada with the high THC potency they want,” added Mr. St-Louis. “Until now, cannabis consumers have had to hold flower products in their hands to check that the potency matched their expectations. UP is removing that friction by delivering 20% THC or higher every time, right on the label.”

UP Cannabis is Powered by HEXO^TM, the recognized quality and innovation behind award-winning products. For more information please visit up.ca.

About HEXO

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. For more information please visit hexocorp.com.

Forward Looking Statements

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those anticipated in these forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.

Investor Relations:
invest@HEXO.com
www.hexocorp.com

Media Relations:
(819) 317-0526
media@hexo.com

FAQ

What changes has HEXO made to the UP Cannabis brand?

HEXO has repositioned the UP Cannabis brand to ensure all dried flower products contain 20% THC or higher.

What are the initial products in the revamped UP Cannabis line?

The initial products include Northern Berry, Cold Creek Kush, and Ghost Train Haze.

What is HEXO's market strategy following the UP brand update?

HEXO aims to increase market share by delivering consistent quality and competitive pricing on its cannabis products.

What is the significance of THC content labeling for UP Cannabis?

The labeling guarantees consumers that all products contain 20% THC or higher, addressing previous concerns about potency.