Cannabis firm says its plan, which was unveiled last month after its debts mounted and its co-founder left the business, will deliver about $175 million in cash over the next two fiscal years.
Ottawa-based cannabis company says it will shutter properties in Kirkland Lake, Brantford and Stellarton, N.S., in a bid to streamline production.
PricewaterhouseCoopers said its recent review of the Ottawa-based cannabis business showed that Hexo did not maintain effective internal control over financial reporting.
“It seemed to be the right time (to sell),” Ottawa firm's CEO Ron Mac Donell said. “It was all very natural.”
A well-respected partner with PwC who went public last year with her multiple sclerosis condition was honoured Friday at an inaugural luncheon hosted by the MS Society of Canada