The Hydropothecary Corporation (TSX:HEXO) announced a change to its corporate name to HEXO.
As quoted in the press release:
At a special meeting of shareholders of the Company held on August 28, 2018 (the “Special Meeting”), shareholders representing 99 [percent] of votes cast approved an amendment to the Company’s articles to effect the name change.
The Company’s common shares and common share purchase warrants having an expiry date of January 30, 2020 will commence trading on the Toronto Stock Exchange (“TSX”) under the Company’s new name, subject to final acceptance by the TSX, which is expected within the next 3 to 5 business days. The common shares and common share purchase warrants will continue to trade on the TSX under the trading symbols HEXO and HEXO.WT, respectively.
The change of the Company’s name to “HEXO Corp.” follows the Company’s previously announced launch of “HEXO” as its new brand for the adult-use cannabis market, while continuing to use the “Hydropothecary” brand for the medical cannabis market.
“As we look to expand globally, we sought to find a name that would resonate around the world. Something that is strong, easy to pronounce, and easy to recognize. Something that has the ability to become truly iconic,” said Adam Miron, co-founder and Chief Brand Officer of the Company.
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