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HEXO Q3 FY23 Revenue Declines 11% QoQ And 53% YoY, Here Are The Details
Thursday, June 15, 2023 - 9:48am | 558HEXO Corp. (NASDAQ: HEXO) (TSX:HEXO) released its financial results for the third quarter of the 2023 fiscal year, revealing total net revenue of CA$21.6 million ($16.2 million), an 11% sequential decline. The decline was, among other factors, driven by lower adult-use sales in Alberta, certain...
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HEXO's Q2 2023 Financial Report Shows First-Ever Positive Net Income
Thursday, March 16, 2023 - 9:24pm | 320HEXO Corp. (NASDAQ: HEXO), a leading cannabis company, reported its financial results ate Thursday for the second quarter of the 2023 fiscal year. "HEXO held firm to our long-term strategy this quarter and remained focused on our most profitable brands and maintaining fair prices,...
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HEXO Wins Complete Dismissal Of Putative Québec Shareholder Class Action Lawsuit
Friday, January 27, 2023 - 8:24am | 430HEXO Corp (NASDAQ: HEXO) (TSX: HEXO) has won a complete dismissal of the putative securities class action lawsuit pending before the Québec Superior Court against the company and its former CEO, filed on November 19, 2019 on behalf of certain primary market and secondary market purchasers of...
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HEXO Regains Compliance With Nasdaq Minimum Bid Price Requirement
Friday, January 20, 2023 - 8:39am | 404HEXO Corp. (NASDAQ: HEXO) (TSX:HEXO) has received formal notice from The Nasdaq Stock Market LLC stating that the company has regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Stock Market. The notice the company...
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HEXO Launches Five New Cannabis Strains Under Redecan And Original Stash Brands
Monday, January 9, 2023 - 9:12am | 494HEXO Corp. (NASDAQ: HEXO) (TSX:HEXO) announced the launch of its new TnT Cannabis strains under the Redecan and Original Stash Brands labels across Canada. The launch includes three new products from HEXO’s Redecan line and two new strains under the Original Stash Brand. Redecan’s hang-...
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Analyst Touts 'Key Underlying Improvements' For HEXO Despite Q1 Revenue Drop
Friday, December 16, 2022 - 12:09pm | 614Hexo Corp. (NASDAQ: HEXO) reported a 29% year-over-year and 16% sequential decrease in net revenue to CA$ 35.8 million ($26.3 million) in the first quarter of fiscal 2023. Still, Hexo CEO Charlie Bowman touted the quarter as “one of incredible progress" where the results of a "...
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Hexo Q1 2023 Revenue Drops 29% YoY, Announces Share Consolidation
Thursday, December 15, 2022 - 9:18am | 953HEXO Corp. (NASDAQ: HEXO) (TSX:HEXO) released its financial results for the first quarter, revealing net revenue of CA$35.8 million ($26.3 million), a decrease of 29% comparatively to CA$50.2 million in Q1 2022 and a decrease of 16% compared to CA$42.5 million net revenue in Q4 2022. Q1 2023...
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HEXO, Tyson 2.O Enter Exclusive Partnership To Elevate Consumer's Cannabis Experience In Canada
Tuesday, August 30, 2022 - 7:30am | 379HEXO Corp. (NASDAQ: HEXO) (TSX:HEXO), has entered into an exclusive partnership with TYSON 2.0, entrepreneur and cannabis advocate Mike Tyson's cannabis company. Under the agreement, HEXO will produce TYSON 2.0's products in Canada, including TYSON 2.0’s full range of flower, pre-...
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HEXO Granted Additional 180 Calendar Day Grace Period By Nasdaq To Regain Compliance With Minimum Bid Price Rule
Thursday, July 28, 2022 - 8:02am | 630HEXO Corp. (NASDAQ: HEXO) (TSX:HEXO) received an extension of 180 calendar days from the Nasdaq Stock Market LLC (NASDAQ: NDAQ) to regain compliance with the Nasdaq’s minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital...
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HEXO, Tilray Brands Amend Transaction Agreement, Here Are The Details
Tuesday, June 14, 2022 - 9:10am | 879HEXO Corp. (TSX:HEXO) (NASDAQ: HEXO) has entered into an amending agreement to the transaction agreement with Tilray Brands, Inc. (NASDAQ: TLRY) (TSX:TLRY) and HT Investments MA LLC. Separately, the company has entered into an amending agreement to the equity purchase agreement with 2692106 Ontario...
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Hexo Makes Leadership Changes, Appoints New CEO & CFO
Friday, April 29, 2022 - 9:44am | 508HEXO Corp (NASDAQ: HEXO) (TSX:HEXO) announced that Charlie Bowman has been appointed the company’s acting president and CEO. Bowman will move into a permanent role upon the successful completion of Health Canada’s security clearance process for key personnel, which has been initiated....
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Hexo Shuts Down Belleville Facility Hoping To Achieve Positive Cash Flow, More Than 200 Employees Affected
Friday, April 22, 2022 - 8:41am | 420HEXO Corp (TSX:HEXO) (NASDAQ: HEXO) will close its Belleville facility and transition its operations to other sites to further streamline operations and capitalize on production efficiencies. “After an extensive review of site capabilities, we have identified this operational closure and...