Cannabis producer Hexo ends year with CA$546 million loss

On: October 30, 2020

Canadian marijuana producer Hexo Corp. reported a net loss of 170 million Canadian dollars ($127 million) for its fourth quarter, ending its 2020 fiscal year with a CA$546 million loss. The quarterly loss accounts for inventory write-downs (CA$42 million), impairment (CA$46 million) as well as a CA$54 million loss on the inducement of convertible debentures. […]

Cannabis producer Hexo ends year with CA$546 million loss is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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