HEXO Corp. (NYSE:HEXO) Q2 2020 Earnings Conference Call - Final Transcript

Mar 30, 2020 • 08:30 am ET


HEXO Corp. (NYSE:HEXO) Q2 2020 Earnings Conference Call - Final Transcript


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Good morning, and welcome to HEXO Corp's Second Quarter Fiscal 2020 Earnings Call. All lines have been placed on mute to prevent any background noise. [Operator Instructions] Thank you. Please note that this call is being recorded today, March 30th, 2020, at 8:30 AM Eastern Time.

I would now like to turn the call over to Jennifer Smith, Director of Investor Relations at HEXO Corp. Ms. Smith, you may proceed.

Jennifer Smith

Thank you, Jessica. Good morning. I'm Jennifer Smith, Director of Investor Relations for HEXO Corp. Thank you all for joining us this morning for our 2020 Q2 earnings call. We will start with a presentation by our CEO, Sebastien St-Louis; followed by a recap of our Q2 results by our CFO, Stephen Burwash, before opening the floor up to questions from our financial analysts.

Before we begin, I would like to remind you that today's presentation contains forward-looking statements that involve known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current expectations. The forward-looking statements are based upon and include the company's internal estimates, plans, expectations, opinions, forecasts, projections, targets, guidance or other statements that are not statements of fact.

Any statements contained herein or discussed during the presentation that are not statements of historical facts may be deemed to be forward-looking statements. Such statements can often be, but not always be identified by the use of forward-looking terminology and similar words and expressions that are predictive or indicate of future events and future trends, including negative and grammatical variations therein of statements that certain events or conditions may or will happen or by discussions of strategy.

These statements should not be read as assurances of future performance or results. Such statements involve known and unknown risks and uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements.

Those risks and uncertainties include, but are not limited to those relating to the company's ability to execute its business plan, renew required permits and licenses and related regulatory compliance matters, implement its growth strategies, obtain and maintain financing on acceptable terms, maintain and renew required licenses, maintain good business relationships with its customers, distributors and other strategic partners, keep pace with changing consumer preferences, protect intellectual property, manage and integrate acquisitions, retain key personnel and relating to the company's competitive advantages, the development of new products and product formats for the company's product, changes in laws, rules, regulations and the absence of materially adverse changes in the industry or global economy.

A more complete discussion of the risks and uncertainties facing the company appear in the company's Annual Information Form and the company's Management's Discussion and Analysis for the six-month period ended January 31st, 2020, which are now available under the company's profile on SEDAR.

Although the company has based forward-looking statements on assumptions that are believed to be reasonable, it cautions the readers that the actual results and developments, including