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Investigation announced for Investors of NYSE: HEXO shares over potential Securities Laws Violations by HEXO Corp.

03-23-2020 04:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in HEXO Corp. (NYSE: HEXO) shares over potential securities laws violations by HEXO Corp.

An investigation for investors in HEXO Corp. (NYSE: HEXO) shares over potential securities laws violations by HEXO Corp.

An investigation was announced over potential securities laws violations by HEXO Corp. and certain of its directors and officers in connection with certain financial statements.

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 possible claims on behalf of purchasers of the securities of HEXO Corp. (NYSE: HEXO) concerning whether a series of statements by HEXO Corp. 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 $4.93 million for the 12 months period that ended on July 31, 2018 to over $47.54 million for the 12 months period that ended on July 31, 2019 and that its Net Loss over those respective time periods increased from over $23.35 million to over $81.56 million.

On March 17, 2020 HEXO Corp announced that it would delay the release of its second quarter 2020 financial results to record a significant impairment charge and to amend its MD&A disclosures for its first and second quarter to address concerns raised by the Ontario Securities Commission.

Shares of HEXO Corp. (NYSE: HEXO) declined to as low as $0.34 per share on March 18, 2020.

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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