HEXO has completed the first harvest in its 1 million sq. ft. expansion. Since early January, plants have been moving into the greenhouse and the first plants have now been harvested. The company continues to ramp up to full harvest capacity using the continuous harvest methodology, the latest step towards reaching the full annual production capacity of 108,000 kg of dried flower per year.
“Completing the first harvest in our 1,000,000 sq. ft. greenhouse expansion showcases the dedication and hard work of the entire HEXO team,” said Sébastien St-Louis, HEXO’s CEO and co-founder. “We are very proud of our continued ability to execute on our plans, creating value for our shareholders and demonstrating our commitment to our customers. This cultivation milestone means that an expanded HEXO product offering will be available to more Canadians shortly.”
HEXO’s headcount now exceeds 600 employees. The company expects to hire another 500 employees in the coming months; 300 additional position at its campus in Gatineau, Quebec, and 200 in its Belleville, Toronto and Montreal locations.
On March 13, 2019, HEXO announced a definitive arrangement agreement to acquire Newstrike Brands. The acquisition would allow the company to boost its production capacity to 150,000 kg annually, diversify its domestic market penetration to 9 provinces and add infrastructure.
For more information:
HEXO
204-490, Boulevard Saint-Joseph,
Gatineau, QC J8Y 3Y7
1-866-438-8429
invest@hexo.com
hexocorp.com