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HEXO Corp formalizes its US presence with acquisition of production facility in Colorado

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OTTAWA, June 28, 2021 (GLOBE NEWSWIRE) — HEXO Corp (“HEXO” or the “Firm”) (TSX: HEXO; NYSE: HEXO) broadcasts closing of the beforehand disclosed transaction to buy its first US manufacturing facility via a completely owned US subsidiary. The ~50,000 sq. ft. facility in Fort Collins, Colorado will present US CPG corporations and customers entry to the Powered by HEXO® know-how and merchandise.

“The Colorado facility will enable us to efficiently execute on our US technique, which incorporates supplying top quality Powered by HEXO® know-how and leveraging our mental property portfolio throughout the USA,” mentioned HEXO Corp CEO and co-founder Sebastien St-Louis. “The ability may also present us with the required infrastructure to proceed increasing our joint-venture with Molson Coors to create Truss CBD-infused beverages, whereas additionally creating the required capability to assist future, non-beverage CPG partnerships.”

The Colorado manufacturing facility, HEXO’s first within the US, is zoned for manufacturing of a full vary of hashish merchandise and provides a wide range of operational capabilities. The location is situated alongside main delivery routes and might be retrofitted to assist Powered by HEXO® initiatives throughout the nation, in compliance with all relevant legal guidelines and rules.

Powered by HEXO® is the trusted answer for main CPG corporations to soundly enter the cannabinoid market, combining HEXO’s experience in hashish with CPG companions’ experience of their industries to co-develop best-in-class cannabinoid-infused merchandise.

About HEXO

HEXO is an award-winning licensed producer of revolutionary merchandise for the worldwide hashish market. HEXO serves the Canadian leisure market with a model portfolio together with HEXO, UP Hashish, Unique Stash, Bake Sale, Namaste, and REUP manufacturers, and the medical market in Canada, Israel and Malta. The Firm additionally serves the Colorado market via its Powered by HEXO® technique and Truss CBD USA, a joint-venture with Molson Coors. Within the occasion that the beforehand introduced transactions to amass 48North and Redecan shut, HEXO expects to be the primary hashish merchandise firm in Canada by leisure market share.

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Ahead Wanting Statements

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