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HEXO Harvests First Plants in 250,000 sq. ft. Greenhouse Expansion

Aug 9, 2018 • 10:55 AM EDT
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1 MIN READ  •  By Michael Berger
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The Hydropothecary Corporation (“HEXO” or the “Company”) (TSX:HEXO) continues to execute on its aggressive expansion at its Gatineau campus, with the first harvest of plants from its new 250,000 sq. ft. greenhouse.

“We are thrilled to announce that the first plants from our greenhouse expansion have been harvested” said Sebastien St-Louis, HEXO’s CEO and co-founder. “This is a clear demonstration of HEXO’s ongoing execution of our continual harvest strategy, which sees new plants being harvested every week.”

HEXO’s 250,000 sq. ft. greenhouse expansion, together with the manufacturing expansion, brings the Company’s total production space to over 310,000 sq. ft. Construction on the Company’s one million square foot facility is set to be complete by year-end.

About HEXO

HEXO creates and distributes innovative, easy-to-use and easy-to-understand products to serve the Canadian cannabis market. One of the country’s lowest-cost producers, HEXO is rapidly increasing its production capacity in the lead up to the adult-use cannabis market. The Company currently operates with over 310,000 sq. ft. of production capacity with construction on another 1,000,000 sq. ft. expansion set to be complete by year end. HEXO will serve the adult-use market under the HEXO brand, while continuing to serve its medical cannabis clients through the well-known Hydropothecary brand.

Investor Relations:
Jennifer Smith
Manager of Financial Reporting and Investor Relations
1-866-438-8429
invest@HEXO.com
www.THCX.com

Media Relations:
Sarah Brown
sarah.brown@hexo.com

Director
Adam Miron
819-639-5498

 

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Source: GlobeNewswire (August 9, 2018 – 6:30 AM EDT)
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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Mushroomstocks.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

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