The company was founded back in 2013 under the name of the Hydropothecary Corporation. At the time, only medical marijuana was legal in Canada, so the company’s main focus was on the manufacturing of Indica — a breed that sedates the user relieves pain, and creates an overall sense of tranquility. After recreational marijuana has been legalized in Canada back in 2018, things have taken a turn for the company giving it the opportunity to expand its market share dramatically. From that point on, the company started to grow rapidly, producing three major sorts of marijuana for all kinds of users.
But how was it possible and who invested in Hexo? First thing’s first it all started with Sebastien St-Louis and Adam Miron investing some of their own capital into the initial launch of the business. Later on, investors started to gather around the company forming the board of directors. As of now, the company enjoys very lucrative deals with such investors as the Valens Company, Molson Coors Brewing, and even acquired the Newstrike Brands.