Hexo CEO Sebastien St-Louis leaves cannabis company amid reorganization

Hexo CEO departs

Hexo Corp. says Sebastien St-Louis, the cannabis company's co-founder and chief executive, is leaving the company, effective immediately.

The change comes as the company completes a strategic reorganization.

HEXO also says chief operating officer Donald Courtney has resigned, though he will remain until a replacement is found.

St-Louis says building Hexo has been the highlight of his career and that as a significant shareholder he looks forward to the company's next stage.

Hexo says it is in advanced talks and expects to make an announcement on a new CEO in the coming days.

The company has made several acquisitions this year, including deals to buy cannabis producer Redecan, 48North Cannabis Corp. and Zenabis Global Inc.

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