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Hexo Corp. names fourth CFO in two years


October 13, 2020
By Grow Opportunity staff

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Trent MacDonald is the new chief financial officer of Hexo Corp.

MacDonald will be replacing Stephen Burwash in the position, making him the fourth person to assume the role in the past two years.

Burwash first assumed the role of interim CFO when founding executive Ed Chaplin stepped down from the role in April 20, 2019. Less than a month later, Michael Monahan took over the role in May but announced his resignation in October that same year.

Monahan’s short tenure raised eyebrows in the industry, especially as CannTrust’s scandal involving unlicensed grow rooms caused its own management shake-up at the time. In a company statement, Monahan cited “family needs” as his reason for departure.

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Burwash most recently served as Hexo CFO since October 2019 and will oversee the transition period as the company awaits the completion of Health Canada’s security clearance process. MacDonald brings more than 15 years of financial executive experience, including as CFO for Rx Drug Mart, vice-president of finance of Indigo and vice-president of Sobeys.