Hexo reports $616M write-down in Q1

Mugglehead
By Nick LabaMar 18, 2022, 5:49 pm121 pts
Canadian producer Hexo Corp. (TSX: HEXO) (Nasdaq: HEXO) continues its rocky ride, with modest quarterly improvements to its topline and substantial losses from write-downs on assets. On Friday, the company reported its earnings results for its fiscal first quarter ended Jan. 31, with sales up 4 per cent to $72…

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