HEXO Net Loss Hovers $298M in Q2, Remains Operational During COVID-19 Pandemic

Consumer packaged goods company HEXO Corp. (TSX:HEXO) (NYSE: HEXO) disclosed Monday its second quarter financial results.

The cannabis-focused company generated CA$17 million ($12.01 million) in net revenue. That’s up by 17% from CA$14.5 million in the previous quarter.

HEXO also posted a total net loss of CA$298.2 million, which compares to a loss of CA$4.3 million in the same period of 2019 and to a loss of CA$60 million in the first quarter of 2019.

Its adjusted EBITDA was also a loss of CA$10.3 million, compared to a loss of CA$19.4 million in the first quarter of fiscal 2020.

At the end of …

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