US (CO): Hexo completes acquisition of Fort Collins-based 50,000 sq. ft.

HEXO has closed the purchase of its first U.S. production facility through a wholly-owned U.S. subsidiary. The 50,000-square-foot facility in Fort Collins, Colo., will provide U.S. consumer packaged goods (CPG) companies and consumers access to the Powered by HEXO technology and products.

“The Colorado facility will allow us to successfully execute on our U.S. strategy, which includes supplying high-quality Powered by HEXO technology and leveraging our intellectual property portfolio across the United States,” HEXO CEO and co-founder Sebastien St-Louis said. “The facility will also provide us with the necessary infrastructure to continue expanding our joint venture with Molson Coors to create Truss CBD-infused beverages, while also creating the necessary capacity to support future, non-beverage CPG partnerships.”

The Colorado production facility, HEXO’s first in the U.S., is zoned for the production of a full range of cannabis products and offers a variety of operational capabilities. The site is located along primary shipping routes and will be retrofitted to support Powered by HEXO initiatives across the country, in compliance with all applicable laws and regulations.