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Hexo Shares Fall Slightly On Heels Of $124M At-The-Market Offering


HEXO Corp. (TSX:HEXO, NYSE:HEXO) announced Tuesday it has created an at-the-market equity program (“ATM program”) by which it could issue and sell up to CA$150 million ($124 million) of its shares.
Under the ATM program, shares can be sold from treasury to public, from time to time, and at the company’s discretion.
All shares sold under it will be made via “at-the-market distributions,” following the terms of an equity distribution agreement signed May 11, 2021 by the company, A.G.P./Alliance Global Partners and BMO Capital Markets Corp., as U.S. agents, and BMO Nesbitt Burns Inc., as Canadian agent. ....

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