HEXO Corp. (HEXO) Reports Q1 Net Loss of CAD 116.9M; Unveils New Strategic Plan
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HEXO Reports First Quarter 2022 Results and Launches New Strategic Plan, “The Path Forward” to Solidify its Position as Canada’s Leading Cannabis Company
December 14, 2021 7:15 AM ESTThis news release constitutes a designated news release for the purposes of the Companys prospectus supplement dates May 11, 2021, to its short form base shelf prospectus dated May 7, 2021, and amended and restated on May 25, 2021.
All amounts are expressed in Canadian dollars unless otherwise noted.
HEXO reports $50.2 million in total net revenue for Q122, an increase of 29% compared to the fiscal quarter ended July 31, 2021 (Q421)Maintains #1 Market Share position in Canada1Announces new strategic plan, The Path Forward to strengthen its balance sheet and accelerate its transformation to become a cash flow positive company... More