HEXO moves its head office to Ontario
The head office of HEXO Corp, the main supplier of the Société québécoise du cannabis, no longer has a storefront in Gatineau. The company confirms that it moved it to the Ontario side, in its offices in the Kanata district in Ottawa, the week of December 9.
“Despite our efforts to avoid this change, this decision was imposed on us, because we are not able to take out directors ‘and officers’ liability insurance if we are established in Quebec. In Quebec, the law requires that representation fees be paid by the insurer in addition to the protection offered by the contract, “explained HEXO Corp spokeswoman Isabelle Robillard, through a written response sent to Law.
If the information concerning this move has not been publicly disclosed, it is because “it was not important news,” said Ms. Robillard, still in an email exchange, adding that all of the company, including the three levels of government, were notified of the change of address once it took place.
The cannabis producer ensures that the relocation of its head office will have no impact on its operations at 120 chemin de la Rive, in the Masson-Angers sector, in Gatineau.
“This change will have no impact on our activities in Gatineau and Montreal, nor will it have an impact on our employees. We continue to operate and invest in our main growing facility in Gatineau, where more than 800 people work. We also have a significant presence in Montreal, where we carry out distribution activities on behalf of the Société québécoise du cannabis, as well as research and development activities, ”said Ms. Robillard.
“Our roots are firmly established in Gatineau, where our company established most of its operations six years ago (then under the name of Hydropothecary). It is important for us to continue working with all our partners in Quebec and to be an active participant and contributor in our communities, ”added the spokesperson for the company.
Last October, remember that the company HEXO Corp had announced its decision to abolish 200 positions across its various facilities. In mid-December, the Toronto Stock Exchange reported a loss of $ 62.4 million for the quarter ended October 31, 2019.