15:12:34 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Hexo Corp (3)
Symbol HEXO
Shares Issued 43,996,356
Close 2023-05-01 C$ 1.68
Market Cap C$ 73,913,878
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Hexo to add Que. portfolio to Rose services

2023-05-02 12:36 ET - News Release

Mr. Valentine Vaillant reports

ROSE LIFESCIENCE ADDS HEXO'S QUEBEC PORTFOLIO FOR COMMERCIALIZATION AND DISTRIBUTION SERVICES

Rose LifeScience Inc. will add Hexo Corp.'s Quebec portfolio to Rose's industry-leading commercialization and distribution services business.

Headquartered in Gatineau, Quebec, HEXO delivers premium cannabis experiences that inspire customer loyalty, from recreational to therapeutic products. HEXO's products balance THC with CBD, terpene levels and flavonoids, to create high-quality, clean, consistent customer favourites. HEXO's state-of-the-art facilities in Masson-Angers, Quebec are purpose-built and engineered to provide exceptional capacity and streamlined operations, developing innovative products to serve the cannabis market in Quebec, across Canada and globally.

ROSE's commercialization and distribution expertise will help to position HEXO's Quebec portfolio for further expansion in the province, complementing ROSE's relationship with Tilray Brands, Inc. ("Tilray"), a long-standing ROSE commercialization and distribution partner.

"This exclusive partnership further demonstrates ROSE's status as a trusted Quebec company serving the Quebec consumer," said Davide Zaffino, President and CEO, ROSE LifeScience Inc.

"ROSE's commercialization and distribution services business has seen great success since its inception in 2019, enabling carefully selected partners to grow their presence and portfolio in Quebec. We welcome HEXO to our portfolio of partnerships which, in addition to our exclusive partnership with Tilray, includes Entourage Health Corp., The Flowr Corporation, HYTN, Cann Social Tonic, Final Bell and numerous Quebec-based craft suppliers," added Zaffino.

"As an organization with deep roots in Quebec, it's important that HEXO's portfolio continues to be managed locally, to best respond to Quebecers' needs," said Charlie Bowman, President and CEO, HEXO. "Adding the expertise of the ROSE team will strengthen our Quebec presence and enhance our distribution within the province."

About ROSE LifeScience Inc.

ROSE LifeScience is committed to ensuring that consumers benefit from the responsible production, sale, and consumption of cannabis in Quebec and across Canada. From cannabis cultivation to marketing, commercialization, and logistics, the Huntingdon, QC company plays a key role in the Quebec market. In addition to its own products and expertise, ROSE provides specialized industry services to selected producers to encourage a diversified offering in the Quebec and Canadian markets. Rose LifeScience is a majority-owned subsidiary of Village Farms International (Nasdaq: VFF) with the balance owned and operated by its Quebec-based founders. For more information, visit roselifescience.ca.

About HEXO Corp.

HEXO is an award-winning licensed producer of premium products for the global cannabis market. HEXO delivers a thoughtfully curated portfolio of both recreational and therapeutic cannabis products that inspire customer loyalty. HEXO's brands include HEXO, Redecan, Original Stash, Bake Sale and T 2.0, as well as medical cannabis products.

HEXO's world-class Canadian grow sites are unmatched in size, technological advantage and yield of high-quality cannabis, driving innovation through every step of the process. HEXO operates three major grow sites in Ontario and Quebec, including one of the largest grow facilities in North America. HEXO Corp. is a publicly traded company under the tickers (TSX: HEXO) and (NASDAQ:HEXO).

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