Press release
Investigation announced for Investors in shares of HEXO Corp. (NYSE: HEXO) over possible Violations of Securities Laws
An investigation for investors in HEXO Corp. (NYSE: HEXO) shares over potential securities laws violations by HEXO Corp.
Investors who purchased shares of HEXO Corp. (NYSE: HEXO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by HEXO Corp. (NYSE: HEXO regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Canada based HEXO Corp., through its subsidiary, HEXO Operations Inc., produces, markets, and sells cannabis in Canada. HEXO Corp. reported that its Total Revenue rose from over $4.09 billion for the 12 months period that ended on July 31, 2017 to over $4.493 billion for the 12 months period that ended on July 31, 2018 and that its Net Loss over those respective time periods increased from over $12.41 billion to over $23.34 billion.
On October 4, 2019, HEXO Corp. announced the immediate resignation of its Chief Financial Officer (“CFO”) Michael Monahan, after only four months as the Company’s CFO.
Shares of HEXO Corp. (NYSE: HEXO) declined to as low as $2.28 per share on October 14, 2019.
Those who purchased shares of HEXO Corp. (NYSE: HEXO) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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