DJ HEXO Gets Sales License for Belleville Facility
By Chris Wack
HEXO Corp. said Monday it has received Health Canada's approval for the sale of dried and fresh cannabis, cannabis extracts, cannabis topicals and edible cannabis products for its cannabis manufacturing and processing facility in Belleville, Ontario.
The cannabis company said the updated licensing also encompasses the beverage production area dedicated to the Truss/HEXO division.
HEXO said the license allows it to increase its processing capability and achieve greater economies of scale.
The Belleville facility will act as the main development, processing and distribution facility for HEXO's cannabis products. Located along primary shipping routes in Ontario, the facility further delivers on HEXO's national expansion strategy and ensures necessary capacity for the manufacturing and distribution of advanced cannabis products to fulfil purchase orders across the country.
HEXO shares were up 11% to 70 cents in premarket trading Monday.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
June 01, 2020 06:48 ET (10:48 GMT)
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