Cannabis Company HEXO Corporation(TSX: HEXO, OTCQB: HYYDF, Forum) reported its financial results for the second quarter of the 2019 fiscal year on Thursday. With gross revenue increasing 1,269% compared to the second quarter of fiscal 2018, HEXO stated it earned more than $16.2 million in total gross revenue, which increased 144% from the first quarter of fiscal 2019. Gross adult-use revenue in Q2 exceeded revenues for the 2018 fiscal year by 200%.
For more on these results, click here.
Just one day earlier, HEXO made newswhen it acquired licensed cannabis producer Newstrike Brands Ltd. (TSX: V.HIP, OTCQB: NWKRF, Forum) in an all-share transaction valued at approximately $263 million.
FULL DISCLOSURE: HEXO Corp. and Newstrike Brands Ltd. are clients of Stockhouse Publishing.