Bullboard - Stock Discussion Forum HEXO Equities Warrants Exp 2 Apr 2024 T.HEXO.W.A

Healthcare Cannabis

Hexo Corp. is a Canada-based consumer packaged goods cannabis company. The Company is engaged in cultivating, processing, packaging, and distributing cannabis products to serve the cannabis market. The Company serves the Canadian recreational market with a brand portfolio, including HEXO, Redecan, UP Cannabis, Original Stash, 48North, Trail Mix, Bake Sale and Latitude brands, and the medical... see more

Add To Watchlist

TSX:HEXO.W.A - Post Discussion

HEXO Equities Warrants Exp 2 Apr 2024 > Hexo net revenues down another 11% this Q to $21.6 m

View:

Post by VeritasVern on Jun 15, 2023 10:09am

Hexo net revenues down another 11% this Q to $21.6 m

“HEXO recorded $21.6 million in net revenues in the third quarter, representing an 11% decline from the second quarter,” noted Julius Ivancsits, Chief Financial Officer of HEXO. “Our G&A expenses, excluding Health Canada cannabis fees1, improved by $2.6 million compared to the second quarter, while our selling, marketing, and promotion expenses were largely flat quarter over quarter. We recognized an adjusted EBITDA2 loss of $3.9 million, compared to a loss of $2.4 million in the second quarter.”

112