HEXO Wins a New Pair of Licenses

Marijuana company HEXO (NYSE: HEXO) is reporting two closely related pieces of good news. The company announced on Monday that it had received a pair of licenses from cannabis industry regulator Health Canada for facilities in different parts of the sprawling country.

The first is a sales license for its campus located in its home city of Gatineau, Quebec (which incidentally is located close to the nation's capital of Ottawa, Ontario). This permit will allow HEXO to sell derivative products such as cannabis-infused drinks and extracts from the facility. The second is a research-and-development license granted to the company's Centre of Excellence facility in the small Ontario municipality of Belleville.

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Source Fool.com