Hexo corp positive adjusted ebitda and 94% increas net rev
“I am so proud of the entire HEXO team for the role they played in helping us achieve positive adjusted EBITDA this quarter, along with our seventh consecutive quarter of adjusted EBITDA improvement,” said HEXO CEO and co-founder Sebastien St-Louis. “Our continued focus on delighting consumers has seen us increase our market share across Canada while maintaining the number one position in Quebec. We’re also very excited to have launched “powered by HEXO” CBD beverages in Colorado. Our net revenues and gross margin have continued to improve year over year, bolstered by our premium product mix with the relaunch of UP Cannabis.”
https://candlr.com/2021/03/18/hexo-corp-announces-positive-adjusted-ebitda-and-94-increase-in-net-revenue-from-prior-year/?fbclid=IwAR3E74EgTPyWM7iOgJIbXE-491QRxGhM9iZJQOOJWl-1knNgFUry_g_hSZw