OTTAWA, September 14, 2020 (GLOBE NEWSWIRE) – HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) announced today that it has hired Trent MacDonald to join the Company as Chief Financial Officer, with a start date scheduled in next months. Mr. MacDonald will begin as Chief Financial Officer after having gone through the change and security clearance processes for key Health Canada personnel as required by his position under the Cannabis Act and Cannabis Regulations. . He will succeed Stephen Burwash, who will remain CFO during the transition period.
Mr. MacDonald brings more than 15 years of financial leadership experience to HEXO, working for publicly traded and private companies. Most recently, he served as CFO of Rx Drug Mart, a private drugstore operator / consolidator, helping to guide its growth through significant sales growth. Previously, he was Vice President of Finance for Indigo (TSX: IDG) and Vice President of Finance for some of Sobeys’ largest divisions and regions (TSX: EMP.A). Throughout his career, Trent has largely focused on strategic and profitable growth, designing and implementing processes and solutions to ensure operational efficiency and scalability.
In addition to his background as a Chief Financial Officer, Mr. MacDonald is an award winning entrepreneur, having owned and operated successful businesses in a number of different industries, from aquaculture and industrial services to retailing men’s grooming products and the hairstyle. He holds a BAA (Honors, Accounting and Finance) from St. Francis Xavier University and is a Chartered Professional Accountant (CPA, CA). He has held accounting positions with Deloitte and Crowe Soberman.
“We are very pleased to welcome Trent to the HEXO leadership team. We are delighted with the experience he brings to HEXO as we continue to face a difficult but exciting and promising time for the cannabis industry, said Sébastien St-Louis, CEO and co-founder. by HEXO. We also thank Stephen for his tremendous contribution to HEXO during his tenure as CFO. It has been an extremely busy time during which he has made a number of lasting contributions to our success. As our business grows and we execute on our strategic plan, the board and I felt it was important to ensure that our leadership team has the skill set that is most beneficial to HEXO, and Trents’ mix of financial leadership roles in combination with his proven entrepreneurial abilities make him an excellent candidate.
Stephen worked tirelessly during his tenure as CFO and his efforts and contributions were greatly appreciated by all members of the Board of Directors. We thank him for his positive contribution and unwavering commitment to HEXO and wish him the best in his future endeavors, added Michael Munzar, Chairman of the Board of Directors of HEXO. We look forward to Trent building on this strong foundation for HEXO and bringing his own unique experience and leadership to the role of CFO as we pursue our goal of building a great cannabis-packed consumer products company.
HEXO Corp is an award-winning packaged consumer cannabis company that creates and distributes innovative products to serve the global cannabis market. The Company serves the Canadian adult markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis. For more information, please visit hexocorp.com.
This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (forward-looking statements). Forward-looking statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those anticipated. in these forward-looking statements. Forward-looking statements should not be interpreted as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise forward-looking statements as a result of new information or future events, or for any other reason.
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