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HEXO Harvests First Plants in 250,000 sq. ft. Greenhouse Expansion
GATINEAU, Quebec, Aug. 09, 2018 (GLOBE NEWSWIRE) -- The Hydropothecary Corporation (“HEXO” or the “Company”) (TSX:HEXO) continues to execute on its aggressive expansion at its Gatineau campus, with the first harvest of plants from its new 250,000 sq. ft. greenhouse.
“We are thrilled to announce that the first plants from our greenhouse expansion have been harvested” said Sebastien St-Louis, HEXO’s CEO and co-founder. “This is a clear demonstration of HEXO’s ongoing execution of our continual harvest strategy, which sees new plants being harvested every week.”
HEXO’s 250,000 sq. ft. greenhouse expansion, together with the manufacturing expansion, brings the Company’s total production space to over 310,000 sq. ft. Construction on the Company's one million square foot facility is set to be complete by year-end.
HEXO creates and distributes innovative, easy-to-use and easy-to-understand products to serve the Canadian cannabis market. One of the country’s lowest-cost producers, HEXO is rapidly increasing its production capacity in the lead up to the adult-use cannabis market. The Company currently operates with over 310,000 sq. ft. of production capacity with construction on another 1,000,000 sq. ft. expansion set to be complete by year end. HEXO will serve the adult-use market under the HEXO brand, while continuing to serve its medical cannabis clients through the well-known Hydropothecary brand.