WRITEDOWNS AND LOSSESLook no further than Hexo's release. Globe says Hexo posts large Q2 loss after writedowns 04:35 The Globe and Mail reports in its Saturday edition that Hexo posted a large second quarter loss after writing down almost $616-million in one-time impairment losses in order to enable "a clean slate for future growth." The Globe's Irene Galea writes that Hexo wrote down its property, plant and equipment value by $100-million, its intangible assets by $141-million and its goodwill by $375-million. When goodwill is written down after an acquisition, it is often a signal that the value of that asset has fallen below it purchase price. Hexo made several large acquisitions last year.