HEXO Corp. Formalizes its U.S. Presence With Acquisition of Colorado Production Facility

Cannabtimes

<![CDATA[OTTAWA, June 28, 2021 – PRESS RELEASE – HEXO Corp. announced closing of the previously disclosed transaction to purchase its first U.S. production facility through a wholly owned U.S. subsidiary. The 50,000-square-foot facility in Fort Collins, Colo., will provide U.S. consumer packaged goods (CPG) companies and consumers access to the Powered by HEXO technology and products.“The Colorado facility will allow us to successfully execute on our U.S. strategy, which includes supplying high-quality Powered by HEXO technology and leveraging our intellectual property portfolio across the United States,” HEXO CEO and co-founder Sebastien St-Louis said. “The facility will also provide us with the necessary infrastructure to continue expanding our joint-venture with Molson Coors to create Truss CBD-infused beverages, while also creating the necessary capacity to support future, non-beverage CPG partnerships.”RELATED: HEXO Corp. Announces C$925M Acquisition Agreement With RedecanThe Colorado production facility, HEXO’s first in the U.S., is zoned for production of a full range of cannabis products and offers a variety of operational capabilities. The site is located along primary shipping routes and will be retrofitted to support Powered by HEXO initiatives across the country, in compliance with all applicable laws and regulations.Powered by HEXO is the trusted solution for leading CPG companies to safely enter the cannabinoid market, combining HEXO’s expertise in cannabis with CPG partners’ expertise in their industries to co-develop best-in-class cannabinoid-infused products.]]>

Excerpt only …
READ MORE BELOW
Source : HEXO Corp. Formalizes its U.S. Presence With Acquisition of Colorado Production Facility

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.