TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,530.06, down 45.22 points)Manulife Financial Corp. (TSX:MFC). Financials. Down 16 cents, or 0.78 per cent, to $20.39 on 13.24 million shares.HEXO Corp. (TSX:HEXO). Health care. Up 14 cents, or 15.05 per cent, to $1.07 on 9.8 million shares.StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Unchanged at nine cents on 8.63 million shares.Enbridge Inc. (TSX:ENB). Energy. Down $1.66, or 3.68 per cent, to $43.43 on 8.13 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down 62 cents, or 2.69 per cent, to $22.47 on 7.48 million shares.Air Canada (TSX:AC). Industrials. Up 13 cents, or 0.77 per cent, to $17.08 on 4.96 million shares.Companies in the news:Brookfield Asset Management Inc. (TSX:BAM.A). Down 87 cents, or nearly 1.94 per cent, to $44.02. Brookfield Asset Management Inc. has assembled a huge pile of cash and funding commitments from its partners to take advantage of huge opportunities that will arise for it as a result of the COVID crisis, executives said Thursday Chief executive Bruce Flatt told analysts Thursday that Brookfield currently has US$77 billion available to deploy as opportunities arise over the next 12 months as a result of the COVID-19 pandemic.Chorus Aviation Inc. (TSX:CHR). Up 31 cents, or 12.35 per cent, to $2.82. Chorus Aviation Inc. reported its second-quarter profit fell compared with a year ago as the economic impact of COVID-19 took its toll on the company. The regional aviation company says it earned $29.2 million or 18 cents per diluted share for the quarter ended June 30, down from $38.9 million or 24 cents per diluted share a year ago. Operating revenue fell to $184.2 million compared with $332.5 million in the same quarter last year. On an adjusted basis, Chorus says it earned 13 cents per share for the quarter, down from an adjusted profit of 15 cents per share a year ago.This report by The Canadian Press was first published Aug. 13, 2020.The Canadian Press
OTTAWA, Aug. 13, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it has completed its previously announced at-the-market equity program (the “ATM Program”). Under the ATM Program, the Company sold an aggregate of 33,921,979 common shares between June 18, 2020 and July 31, 2020 through the Toronto Stock Exchange, the New York Stock Exchange and other marketplaces on which the common shares are listed, quoted or otherwise traded. The common shares were sold at prevailing market prices for gross proceeds of C$17,248,047 and US$12,751,168, or total gross proceeds of C$34,497,272 after applying applicable US$-C$ exchange rates. Distributions of the common shares through the ATM Program were made pursuant to the terms of an equity distribution agreement dated June 16, 2020 among the Company, ATB Capital Markets Inc., as Canadian agent, and Oppenheimer & Co. Inc., as U.S. agent.The Company expects to use the net proceeds from the ATM Program for general corporate purposes, which may include: (i) working capital; (ii) capital expenditures; and (iii) debt repayments.The offering under the ATM Program was made pursuant to a prospectus supplement dated June 16, 2020 (the "Prospectus Supplement") to the Company’s Canadian amended and restated short form base shelf prospectus dated December 14, 2018 (the "Base Shelf Prospectus"), and pursuant to a prospectus supplement dated June 16, 2020 (the "U.S. Prospectus Supplement") to the Company’s U.S. base prospectus (the "U.S. Base Prospectus") included in its registration statement on Form F-10 (the "Registration Statement") (File No. 333-228924) filed with the United States Securities and Exchange Commission on December 20, 2018. The Prospectus Supplement and the Base Shelf Prospectus are available on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com, and the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available on EDGAR at the SEC’s website at www.sec.gov.No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the common shares, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About HEXO HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market. The Company serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis. For more information please visit hexocorp.com.Forward Looking Statements This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”), including statements regarding the Company’s expected use of the net proceeds from the ATM Program. Forward-looking statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those anticipated in these forward-looking statements, including that the Company’s use of proceeds of the ATM Program may differ from those indicated. Forward-looking statements should not be read as guarantees of future performance or results.For additional information with respect to certain of these expectations, assumptions, risks, uncertainties and other factors, and risk factors relating to the Company and the Common Shares, reference should be made to the Prospectus Supplement and the Base Shelf Prospectus or the U.S. Prospectus Supplement and the U.S. Base Prospectus, as applicable, the Company’s annual information form dated October 28, 2019 and other continuous disclosure filings, which are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.Investor Relations: invest@HEXO.com www.hexocorp.comMedia Relations: (819) 317-0526 firstname.lastname@example.org
Hexo Corp (TSX:HEXO)(NYSE:HEXO) is closing major pot deals with heavyweights like Molson Coors Canada Inc. (TSX:TPX.B)(NYSE:TAP).The post This Pot Stock Could Go From $400 Million to $4 Billion appeared first on The Motley Fool Canada.