HEXO - HEXO sees M&A U.S. market as keys to growth

In a recent interview with New Cannabis Ventures, HEXO Corp. (HEXO) CEO Sebastien St. Louis said that the company would continue to pursue M&A as part of its growth strategy.In February, Hexo agreed to buy Zenabis Global (ZBISF) for C$235M.The U.S. market is also a strategic focus for the company, as it currently cells CBD products there and will leverage its joint venture with Molson Coors to sell beverages as well.Shares of HEXO are down 5.3% in afternoon trading, a day after the cannabis company announced it was launching an at-the-market equity program to sell up to C$150M of its common shares.If the amount sold reaches the upper end, it could lead to share dilution.

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HEXO sees M&A, U.S. market as keys to growth