HEXO to Open Its First U.S. Factory
One of the mainstays of Canada's marijuana industry, HEXO (NYSE: HEXO) is making an incursion across that country's southern border. The company announced Friday that, through a fully owned U.S. subsidiary, it has signed agreements to purchase a production facility in Colorado. This is HEXO's first such property on American soil.
The company did not specify how much it is paying for the property. It also did not provide many details about the real estate but revealed that it is located in the northern part of the state and comprises roughly 50,000 square feet. It also said that, conveniently, it is zoned for the production of a range of cannabis products.
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Source Fool.com
