About HEXO
HEXO is a company based in Gatineau (Canada) founded in 2013 by Sebastien St-Louis was acquired by Tilray in April 2023.. HEXO has completed 4 acquisitions, including 48North, Newstrike and Redecan. HEXO operates in a competitive market with competitors including Auxly, TerrAscend, Green Tank Technologies, Neptune Wellness and NOVA Cannabis, among others.
- Headquarter Gatineau, Canada
- Founders Sebastien St-Louis
- Stage Public
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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Funding Insights of HEXO
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $11.5M
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First Round
First Round
(23 Oct 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Post-IPO - HEXO | Valuation |
investors |
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| Mar, 2022 | Amount | Post-IPO - HEXO | Valuation |
investors |
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| Aug, 2020 | Amount | Post-IPO - HEXO | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HEXO
HEXO has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tilray. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Online e-distributor offering cannabis products for medical purposes
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HEXO
HEXO has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include 48North, Newstrike and Redecan. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Integrated business for cultivation, processing, and supply of medical cannabis
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2014 | ||||
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Producer of medical marijuana
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2014 | ||||
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Vertically integrated operations in the cannabis sector are conducted.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - HEXO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hexo Comparisons
Competitors of HEXO
HEXO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Auxly, TerrAscend, Green Tank Technologies, Neptune Wellness and NOVA Cannabis, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for managing cannabis manufacturing operations is provided.
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| domain | founded_year | HQ Location |
Cannabis dispensaries are operated and medical products are retailed.
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| domain | founded_year | HQ Location |
Private label vape products including vaporizers and cartridges are manufactured.
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| domain | founded_year | HQ Location |
Manufacturer of cannabis products and retail services
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| domain | founded_year | HQ Location |
Retailer of diversified cannabis products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hexo
Frequently Asked Questions about HEXO
When was HEXO founded?
HEXO was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Where is HEXO located?
HEXO is headquartered in Gatineau, Canada. It is registered at Gatineau, Quebec, Canada.
Who is the current CEO of HEXO?
Sebastien St-Louis is the current CEO of HEXO. They have also founded this company.
What does HEXO do?
HEXO, based in Gatineau, focuses on engaging in retail operations, cannabis brands and retailers, retailers, and diversified. Manufacturer of cannabis based products. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of HEXO?
HEXO's top competitors include Auxly, TerrAscend and Green Tank Technologies.
How many acquisitions has HEXO made?
Who are HEXO's investors?
HEXO has 1 investor. Key investors include Tilray.
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