Please ensure Javascript is enabled for purposes of website accessibility

HEXO Director Resigns

By Eric Volkman – Updated Feb 7, 2020 at 7:28PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Nathalie Bourque's exit is effective immediately.

Capping a week notable for the departure of several executives and other high-ranking figures, plus a set of layoffs, the marijuana industry saw another departure late Friday afternoon. HEXO (HEXO) said a member of its board of directors, Nathalie Bourque, has resigned from that body, effective today.

HEXO did not give a reason or reasons for Bourque's move. It also did not say whether it had tapped a replacement for her. The six-member board included both Bourque and the company's co-founder and CEO, Sebastien St-Louis.

Marijuana bud with Canadian flag in the background.

Image source: Getty Images.

In the press release covering the matter, HEXO lavished praise on its now-departed director. It wrote that her "extensive experience in communications, public affairs and investor relations across financial, biopharmaceutical, retail and entertainment industries were an invaluable contribution to HEXO as we entered the legal adult-use market and grew exponentially."

Bourque is a veteran of the communications industry, having served in a variety of executive-level positions at several Canadian companies. These include CAE, which describes itself as "a worldwide leader in training for the civil aviation, defense and security, and healthcare markets," and NATIONAL Public Relations.

The day previous to Bourque's exit from HEXO, fellow big Canadian marijuana company Aurora Cannabis (ACB 0.82%) announced that its CEO, Terry Booth, had stepped down from his post. Like Bourque, Booth's goodbye was effective immediately; Aurora tapped its executive chairman, Michael Singer, to serve as interim CEO until a more permanent replacement is found.

HEXO's stock closed down nearly 4% in trading on Friday. At least investors aren't bailing from the stock as much as they have with Aurora -- that company's shares cratered by 15% on the day.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends HEXO. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

HEXO Stock Quote
$0.17 (%)
Aurora Cannabis Stock Quote
Aurora Cannabis
$1.23 (0.82%) $0.01

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 10/04/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.