Hexo Shuts Down Belleville Facility Hoping To Achieve Positive Cash Flow, More Than 200 Employees Affected

HEXO Corp (TSX:HEXO) (NASDAQ: HEXO) will close its Belleville facility and transition its operations to other sites to further streamline operations and capitalize on production efficiencies.

“After an extensive review of site capabilities, we have identified this operational closure and transition as an opportunity to further optimize our network,” stated HEXO acting COO, Charlie Bowman. “Our decision is designed to leverage other sites with available infrastructure and capabilities to improve production outputs while significantly reducing costs across our entire network. This is a critical next step for HEXO as we continue to make strides …

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