Canadian cannabis producer Hexo Corp. (HEXO) has named its third chief executive officer
(CEO) in six months as it continues to restructure its operations.
Charlie Bowman has been appointed acting president and CEO at Hexo, effective immediately,
replacing Scott Cooper.
Cooper took on the CEO role last October amid a strategic reorganization that saw company co-
founder Sebastien St-Louis leave the company.
Charlie Bowman had previously been acting chief operating officer (COO) and general manager
of Hexo USA.
The Gatineau, Quebec-based company also announced that Julius Ivancsits will replace Curtis
Solsvig as acting chief financial officer (CFO) effective May 16.
Hexo recently announced plans to close its Belleville facility, affecting 230 employees as it
further streamlines operations. The company has been threatened with having its stock delisted
by the Nasdaq exchange if it can’t get the price above $1 for a sustained period.
Hexo’s stock is currently trading at $0.41 U.S. per share, down 44% year to date and down 94%
over the last 12 months.
