HEXO to Raise Up to 1.2 Billion Canadian Dollars in Fresh Capital

Eric Volkman, The Motley Fool
·2 min read
HEXO to Raise Up to 1.2 Billion Canadian Dollars in Fresh Capital

Hardly for the first time in its corporate life, HEXO (NYSE: HEXO) is gearing up to raise some funds. The company announced on Thursday that it has filed regulatory paperwork stating that it aims to amass up to 1.2 billion Canadian dollars ($958 million) over the next 25 months. In its press release trumpeting the declaration, HEXO quoted its CEO Sebastien St-Louis as saying that the monies raised will "provide maximum flexibility as we continue to pursue strategic initiatives in both the United States and Canada."