HEXO Corp.

The Underwriters in connection with a $57.5 million cross-border equity offering by HEXO Corp.

Client

The Underwriters

Value

$57.5 million

Service

Capital Markets

Date Closed

January 2019

Lead Office

Toronto


On January 30, 2019, HEXO Corp. (“HEXO”) announced that it had completed its previously announced marketed follow-on offering in Canada and initial public offering in the United States of 8,855,000 common shares at a price of C$6.50 per share for aggregate gross proceeds of C$57,557,500, which includes the exercise of the full over-allotment option of 1,155,000 common shares. HEXO will use the net proceeds from the offering for general corporate purposes, including funding the Company’s global growth initiatives and research and development to further advance the HEXO’s innovation strategies.

CIBC Capital Markets and BMO Capital Markets acted as the lead underwriters and joint book-running managers and Oppenheimer & Co. Inc. was the co-lead underwriter for the Offering.

HEXO Corp. is an award-winning consumer-packaged goods cannabis company that creates and distributes award-winning products to serve the global cannabis market. As one of the largest licensed cannabis companies in Canada, HEXO Corp. operates with over 1.3 million sq. ft. of facilities in Ontario and Quebec.

Osler, Hoskin & Harcourt LLP represented the Underwriters as Canadian and U.S. legal counsel.


Team