09:56 AM EST - HEXO Corp. : Reported its financial results for the fourth quarter ended July 31, 2019. Net revenue in Q4’19 increased to $15,424, compared to $13,017 in the prior quarter, and $1,410 in Q4’18. Adult-use sales in the quarter accounted for 91% of total revenue. Adult-use gross sales increased 30% to $18,997 in Q4’19, compared with $14,607 in the prior quarter and nil in Q4’18. Loss from operations for the quarter was ($60,650) compared to ($10,194) for the comparable quarter year over year. Excluding non-cash impairment charges in Q4’19, adjusted net loss was ($43,732) HEXO Corp.
shares T.HEXO are trading down $0.11 at $2.92.
