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The Hydropothecary Corporation (TSX-V: THCX) announced on May 24th the company will be releasing a new brand of cannabis for the recreational adult cannabis market.  Likewise, it announced that the company has applied to list on the Toronto Stock Exchange.

The new recreational cannabis brand by Hydropothecary is named “HEXO”.  HEXO will be launched during the Lift Cannabis Expo which takes place in Toronto, Ontario.

The addition of HEXO will not interrupt or change production of the already existing “Hydropothecary” brand of medicinal cannabis.

THCX decreased by 3.36% on the date of the announcement.  The decrease in value began as soon as trading hours began on the 25th.