Investorideas.com newswire, breaking news for marijuana, cannabis and hemp stocks

Monday, 14 June 2021

Investor Ideas #Potcasts 575, #Cannabis News and #Stocks on the Move -Interview with CEO of HEXO Corp. (TSX: $HEXO.TO) (NYSE: $HEXO)

 



 

Investor Ideas #Potcasts 575, #Cannabis News and #Stocks on the Move -Interview with CEO of HEXO Corp. (TSX: $HEXO.TO) (NYSE: $HEXO)

 

Delta, Kelowna, BC, June 14, 2021 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/061421-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/06141Interview-HEXO.asp

 

Hear the investor ideas potcast on Spotify

 

Hear Investor ideas cannabis potcast on iTunes  

 

Today’s podcast overview/transcript:

 

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

 

In today’s podcast Investorideas interviews Sebastien St- Louis, CEO and Co-Founder of HEXO Corp. (TSX: HEXO) (NYSE: HEXO), where we discussed the company’s recent acquisition streak, the company’s goals for expansion into the US as well as their aim to be carbon neutral by September of this year.

 

Discussing the last few months of acquisitions and growth St Louis commented, “we’re very proud of all the work we’ve done at Hexo. We were the fastest growing public company in the space, 94% growth year over year in our Q2, but that unfortunately wasn’t enough. We had set an objective for ourselves to be top 2 in Canada, and that was about three years ago. On our own we’ve made the top 3 by acquiring Zenabis Global, then we came across the most important acquisition that was left to do in Canada which was Redecan. Redecan was the largest privately run LP in Canada and they had even outperformed Hexo from a growth perspective, with 169% growth year over year. Now with the combination of Hexo and Redecann, we are the number one LP in the country by market share, with a leading 17% share.”

 

HEXO announced the acquisition of Redecan back in May for a purchase price of $925 million payable in cash and through the issuance of common shares of HEXO and subject to certain customary adjustments.

 

St Louis continued, “According to Brightfield Research, Redecan has the top brand in Canada from a consumer repeat purchase perspective. They’ve done an absolutely phenomenal job of cultivating high quality products and bringing that to the Ontario market as well as the rest of Canada, outside of Quebec. So there’s a really beautiful overlap with Hexo’s strategy of being first in Quebec looking to expand into the rest of Canada. By putting these two together we are now the number one cannabis company in all four core markets; Quebec, Ontario, BC and Alberta. Redecan has also done a gorgeous job on their technology. Their preroll technology is second to none. They’ve taken years of experience from the tobacco industry and have really perfected the ability to bring a marijuana cigarette to life. They were #1 in the preroll category, in the oil category and in the gel cap category. When we looked at their portfolio it was great because we weren’t #1 in any of those categories, we were #1 in beverages and Hash, but now when you put the two companies together, we’re #1 in all of those categories. When you combine that with some of the other products from the other acquisitions like Zenabis and 48 North, it's a truly remarkable product portfolio that really sets us up for US entry.”

 

St Louis went on to discuss their CBD beverage line in the US as well as their future plans for expanding into other US states and working with other CPG companies in the future.

 

The company also recently announced their commitment to offsetting the Company’s operational carbon emissions and the personal emissions of all 1,200 employees*, making HEXO 100% carbon neutral from September 2021 onwards. The Company is also committing to offset the plastic used in their pouch packaging through Plastic Bank® in partnership with Dymapak, HEXO’s primary packaging supplier. These concrete actions highlight the Company’s early steps towards a long-term commitment to leading the cannabis industry on Environmental, Social, and Governance (ESG) action.

 

“We have always taken our responsibility for sustainability seriously. Now, as we are on the verge of becoming the top Canadian LP by recreational market share and continuing down the path towards top three globally, it’s more important than ever to take meaningful action to protect our planet – and this is just the start,” said HEXO CEO and co-founder Sebastien St-Louis. “We are challenging ourselves and the rest of the industry to do better, so in addition to becoming carbon neutral by offsetting our operational emissions, we feel it is our obligation to offset our employees' emissions as well.”

 

Through a partnership with Offsetters, in support of the Great Bear Forest Project, HEXO will be measuring and offsetting the Company’s corporate carbon emissions starting with its 2020 calendar year, making HEXO 100% carbon neutral by September 2021, as well as offsetting their employees’ personal emissions*. The Great Bear Forest Carbon Project reduces carbon emissions by protecting forests previously designated, sanctioned or approved for commercial logging. Carbon finance supports the local First Nations communities by generating stewardship jobs protecting the Great Bear Rainforest - the largest intact coastal temperate rainforest remaining in the world - and offsets the equivalent of one million tonnes of carbon dioxide each year.

 

In conjunction with HEXO’s primary packaging supplier Dymapak and its partnership with Plastic Bank, the Company has offset 63,000 kilograms of plastic in 2021 - the equivalent of over 3.15 million plastic bottles. HEXO will continue to counteract the use of all plastic in its packaging. Plastic Bank builds ethical recycling ecosystems in coastal communities and reprocesses the materials for reintroduction into the global manufacturing supply chain. Collectors receive a premium for the materials they collect to help them provide basic family necessities such as groceries, school tuition and health insurance.

 

“Ocean plastic is a critical issue with increasing challenges,” said Ross Kirsh, CEO at Dymapak. “Environmental consciousness has never been more important and we’re proud to partner with Plastic Bank and HEXO to mitigate the impact of child resistant bags and other plastic packaging. It’s our hope that other businesses will turn interest into action by committing to plastic neutrality.”

 

Offsetting HEXO’s carbon emissions, the emissions of their employees, and counteracting the use of plastic packaging are among the latest steps in the Company’s company-wide mission to build a business that balances profit, people, and planet. HEXO will monitor and publicly report on its greenhouse gas emissions, carbon neutrality, and its continued efforts to improve sustainability. This includes minimizing waste at facilities, moving towards a more virtual workforce, reducing carbon emissions at production facilities, as well as exploring new sustainable packaging materials that are more easily recyclable or biodegradable. The recent acquisition of Zenabis and planned acquisitions of 48North and Redecan also offer unique opportunities to integrate sustainable practices and grow the Company’s positive impact along with their business.

 

For more information on these efforts and how the Company continues to develop its ESG platform and stakeholder relations to make a positive impact on the communities in which it operates and globally, please visit https://www.hexocorp.com/environmental-social-governance.

 

St Louis also went on to discuss future plans for product launches in the US, his expectations surrounding the beverage sector of the cannabis industry as well as what his favorite products are under the HEXO umbrella of products (Mollo and Reddies)

 

To find out more about HEXO Corp. visit their website here.

 

Investors can trade these stocks and other ideas on our site using our  list of top stock trading apps including Robinhood , Acorn, Stash  and others.

 

Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

 

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio ,  Google Play Music and most audio platforms available.

 

Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news,  third party stock research , guest posts and original  articles and podcasts in leading stock sectors.  Learn about investing in stocks and get  investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.  

  

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy:

https://www.investorideas.com/About/Private_Policy.asp

 

Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.

 

Learn more about sponsoring this podcast or be a guest and our other branded content opportunities at Investorideas.com

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android 

Join our Investor Club https://www.investorideas.com/membership/

 

Contact Investorideas.com

800 665 0411

 

 


  Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory

 

No comments:

Post a Comment

Trial Could Position Eco-Friendly Fertilizer for Organic Cannabis Market

Trial Could Position Eco-Friendly Fertilizer for Organic Cannabis Market