Hexo regains compliance with Nasdaq minimum bid price requirement

HEXO announced that it has received formal notice from The Nasdaq Stock Market stating that the Company has regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Stock Market. "We’re pleased the market is starting to recognize the strides we’ve made this year to position HEXO for long-term success", said Charlie Bowman, President and CEO of HEXO. "We’ve kept a tight focus on resetting the organization for profitable growth and remain dedicated to delivering a premium cannabis experience. We continue to build investor confidence as we look to position HEXO for long-term financial success."