Hexo Corp. /zigman2/quotes/206508254/composite HEXO +8.24% said Tuesday its chief financial officer Trent MacDonald will step down on March 11. The company is launching an effort to find a new CFO. The company is evaluating alternatives to improve shareholder value and reduce its debt. It's also making changes in its executive team after current CEO Scott Cooper took over in October. Hexo named John Bell as chairman of its board. Bell is chairman of Stack Capital and a former member of the board of Canopy Growth Corp. /zigman2/quotes/200603886/composite CGC +9.16% . Hexo said it now expects synergies of more than C$50 million from acquisitions, compared to its earlier view of C$35 million. The company also reported first-quarter revenue of C$50.2 million, up 70% from the year-ago period. It's projecting incremental cash flow of $37.5 million in fiscal 2022. Shares of Hexo fell 6% in pre-market trades.