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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (108173)	3/19/2022 8:41:40 AM
From: Goose94	Read Replies (2) \| Respond to of 202423

Hexo (HEXO-T) takes $690 loss in Q2 after incurring steep impairment charge Hexo booked a massive $690-million loss in its second quarter, while its revenue rose 61 per cent to almost $53 million from a year earlier, according to a company release. Hexo said the losses were mainly due to a $616-million impairment write-down, more than half of which came from goodwill. The company also reported an adjusted EBITDA loss of $5.6 million, just $1 million better than what analysts were expecting, while missing revenue expectations of about $58 million. The company remains as a going concern risk which is dependent on if it’s able to close its debt deal with Tilray Brands or find other sources of financing. Canaccord Genuity Analyst Matt Bottomley said in a note to clients that the company’s sales growth was “modest” and appears that its Redecan and 48North subsidiaries lost market share in the quarter. BNN.ca