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Canadian cannabis player, Hexo (NASDAQ:HEXO) is trading ~9% lower in the pre-market Friday after its Q2 financials for fiscal 2022 indicated rising operational losses driven by impairment charges. Quarterly revenue rose ~61% YoY to reach $52.8M as international sales growth rose mor...
HEXO press release (NASDAQ:HEXO): FQ2 Adjusted gross margin improvement quarter over quarter from 25% to 36% Adjusted EBITDA increased from -$11.2M to -$5.6M. Revenue of $52.8M (+60.6% Y/Y). Expected to generate incremental run-rate cash flow of $37.5 million in fiscal 2022 and an additi...
This news release constitutes a “designated news release” for the purposes of the Company’s 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. Senior Secured Converti...
Cannabis has started gaining broader acceptance, and an increasing number of jurisdictions have legalized it for medicinal, recreational, and other uses. The marijuana market comprises of organizations that engage in or support the distribution, sale, research, and development of recreation...
GATINEAU, Québec, March 17, 2022 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NASDAQ: HEXO) plans to release its financial results for the fiscal quarter ended January 31, 2022 after market hours today, March 17, 2022, and will host a...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips HEXO (NASDAQ: HEXO ) is one of the largest licensed cannabis companies in Canada, selling innovative cannabis products. The firm has a plethora of brands like Redecan, UP, Original Stash, Namaste, Bake Sale, Trai...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Remember how exciting it was when Canadian company Tilray (NASDAQ: TLRY )bought out competitor Aphria? At the time, it was the cannabis-market merger of a lifetime. TLRY stock was supposed to soar to all-time highs. ...
Canadian cannabis player, Hexo (NASDAQ:HEXO) acknowledged on Monday that the company defaulted on some of its debt due May 2023. However, thanks to a previously announced deal with the rival, Tilray (NASDAQ:TLRY), the lender HT Investments has decided to waive the event of default. Early...
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 11, 2021 to its short form base shelf prospectus dated May 7, 2021 and amended and restated on May 25, 2021. GATINEAU, Quebec, March 14, 2...
Village Farms continues to grow cannabis operations while the Canadian cannabis sector is struggling. The company is already EBITDA profitable in a sector where losses are typical. The stock only trades at 1x '23 sales targets. For further details see: Village Farms: Sca...
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2023-06-25 11:06:26 ET Steps To Finding Top Marijuana Stocks To Buy Investing in marijuana stocks can offer a number of benefits even in a volatile market. Here are a few potential upsides to consider: High Growth Potential : The marijuana industry is still in its early stag...
2023-06-23 14:30:07 ET The Cannabis Industry 2023 The Highs And Lows Over the past few years, the cannabis industry has experienced tremendous growth. Much of which is showing no signs of slowing down anytime soon. The industry has grown from being a niche market to a multi-billion ...
HEXO Corp. (TSX: HEXO; NASDAQ: HEXO) (“ HEXO ” or the “ Company ”) announced today the closing of the second of two tranches of the non-brokered private placement of Series 1 Preferred Shares (the “ Private Placement ”) previously announced on...