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HEXO Reports Net Loss Of $68M In Q4, Net Sales Of $38.7M

HEXO Reports Net Loss Of $68M In Q4, Net Sales Of $38.7M

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Cannabis company HEXO Corp. (TSX:HEXO) (NASDAQ:HEXO) reported its financial results Friday for the fourth quarter and fiscal year ended July 31, revealing a 71% quarter-over-quarter and a 43%year-over-year growth in total net sales. In the fourth quarter, total revenue amounted to roughly CA$38.7 million ($31.3 million), beating FactSet consensus of CA$33.7 million and marking HEXO’s best quarter of sales to date.

...read full article on Benzinga

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