Thieler Law Corp advises investors with losses exceeding $100,000 of the January 27, 2020 lead plaintiff deadline in a class action lawsuit filed against HEXO Corp (NYSE: HEXO) (“HEXO” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased HEXO Corp securities between January 25, 2019 to November 15, 2019, have until January 27, 2020 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased HEXO Corp securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Hexo’s reported inventory was misstated as the Company was failing to write down or write off obsolete product that no longer had value; Hexo was engaging in channel-stuffing in order to inflate its revenue figures and meet or exceed revenue guidance provided to investors; Hexo was cultivating cannabis at its facility in Niagara, Ontario that was not appropriately licensed by Health Canada; and as a result, Hexo’s public statements were materially false and misleading at all relevant times.

On October 10, 2019, the Company provided preliminary fourth quarter 2019 financial results, expecting revenue between $14.5 million to $16.5 million, well below previous guidance expecting CAD $24.8 million. The Company also withdrew its fiscal 2020 outlook.

Following this news, HEXO’s share price fell $0.83, or over 22%, to close at $2.85 on October 10, 2019.

If you were negatively impacted by your investment in HEXO Corp securities between January 25, 2019 to November 15, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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