‘Craft absolutely surprised us,’ Hexo CEO says as cannabis sales plunge

MJBizDaily
By Matt LamersJun 14, 2021, 1:53 pm205 pts
Canadian cannabis producer Hexo Corp. lost almost 21 million Canadian dollars ($17.3 million) in its third quarter on revenue that came in substantially lower than expected because, in part, of increasing competition from craft marijuana companies. Net revenue for the three months ended April 30 was CA$22.7…

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