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Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 204-490 Saint-Joseph Blvd
Tel: N/A
IR: See website
Key People
Michael R. Munzar
Independent Chairman of the Board
Sebastien St-Louis
President, Chief Executive Officer, Director
Donald Courtney
Chief Operating Officer
Dominique Jones
Chief People Officer
Terry Lake
Vice President - Corporate Social Responsibility
James McMillan
Vice President - Business Development
Roch Vaillancourt
General Counsel
Adam Miron
Chief Brand Officer and Director
Veronique Hamel
Chief Innovation Officer
Business Overview
Hexo Corp, formerly Hydropothecary Corp, is a Canada-based company that creates and distributes products to serve the Canadian cannabis market. The Company operates with an approximately 300,000 square feet of production capacity. The Company serves the adult-use market under the HEXO brand, while it serves its medical cannabis clients through the Hydropothecary brand. The following are the Company's products under the Hydropothecary brand: Time of Day product line, which includes dried marijuana buds for morning, midday, after dinner and bedtime; Hydrogen (H2) classical medical marijuana line, which includes Papaya Grove, Green Chai and Kush dried marijuana buds, among others; Decarb ready to consume activated marijuana powder; Elixir cannabis oil sublingual spray, as well as Fleur de Lune intimate cannabis oil.
Financial Overview
For the fiscal year ended 31 July 2019, Hexo Corp revenues increased from C$4.9M to C$47.5M. Net loss increased from C$23.3M to C$81.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Stock-based compensation increase from C$5M to C$28M (expense), Fair value loss adjustment on sale of in increase from C$2.3M to C$16.4M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $618.56M as of Jul 31, 2019
Annual revenue (TTM): $47.54M as of Jul 31, 2019
EBITDA (TTM): -$86.62M as of Jul 31, 2019
Net annual income (TTM): -$81.56M as of Jul 31, 2019
Free cash flow (TTM): -$265.75M as of Jul 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 257,004,004 as of Nov 11, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization