Description: Canadian cannabis company HEXO Corp., which has seen its share price drop precipitously in recent months as it struggled with debt taken on to fund a series of acquisitions, is facing a potential proxy battle with a shareholder seeking to replace five directors.
Date: Feb 03, 2022
Questions for discussion:
- What are the reasons presented for the proxy battle to replace the board of directors?
- Do you believe their strategic decisions were bad and therefore, their replacement justified?
- What would you advise the management and owners at this time?