HEXO Wins Prestigious Quebec Job Creation Award for Second Consecutive Year

GATINEAU, Quebec, Oct. 25, 2018 (GLOBE NEWSWIRE) — HEXO Corp. (“HEXO” or the “Company”) (TSX:HEXO) has been awarded the ‘Champion’ award at the second annual Quebec Employment Creators Awards for its contributions to job creation in the province. The Company previously won the ‘Coup de Coeur’ award at the inaugural Quebec Employment Creators Awards last year.

In the 2017 contest period, HEXO created 60 permanent full-time positions ranging from entry-level to executive as part of the Company’s ongoing expansion. The number is up from the 23 jobs created by HEXO in 2016. HEXO estimates that it will create an additional 200 jobs by the end of 2018 and has plans to maintain its phenomenal growth rate in 2019.

“We are deeply honoured to be recognized for the work that we have done to create many jobs in the local community surrounding our Masson-Angers campus,” said Sebastien St-Louis, HEXO’s CEO and co-founder. “We look forward to continue working with communities such as Masson-Angers and Belleville as an economic driver, while doing our part in building a responsible legal cannabis industry.”

Andrée St-Cyr, Director of Human Resources, accepted the award on behalf of HEXO during a gala presentation at the Quebec City Convention Centre, accompanied by Terry Lake, Vice-President of Corporate Social Responsibility, Pierre Killeen, Vice-President of Government Relations, and several members of the HEXO Human Resources team.

The awards are given out annually to honour major job creators in Quebec and its 17 administrative regions. The awards highlight exemplary efforts made by companies in job creation, as well as their contribution to innovation, strategy and impact in sustainable jobs development within their province.

HEXO also recently received awards in four categories of BotaniQ’s Power 10 of the Canadian Cannabis Industry Awards. Award-winners included CEO and co-founder Sebastien St-Louis in the ‘Founder’ category, CBO and co-founder Adam Miron in the ‘Innovator’ category, Master Grower Agnes Kwasniewska in the ‘Cultivator’ category, and Vice-President of Corporate Social Responsibility Terry Lake in the ‘Influencer’ category.

About HEXO Corp.

HEXO Corp. creates and distributes innovative, easy-to-use and easy-to-understand products to serve the Canadian cannabis market. One of the country’s lowest-cost producers, HEXO is rapidly increasing its production capacity in the lead up to the adult-use cannabis market. The Company currently operates with over 310,000 sq. ft. of production capacity with construction on another 1,000,000 sq. ft. expansion set to be complete by year end. HEXO will serve the adult-use market under the HEXO brand, while continuing to serve its medical cannabis clients through the well-known Hydropothecary brand.  

Forward-Looking Information

This press release may contain forward-looking information that is based on certain assumptions and involves known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form and continuous disclosure filings, which are available on SEDAR’s website at www.sedar.com. 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 any forward-looking statements as a result of new information or future events, or for any other reason.
  
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Director
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