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Benzinga

Business

Jelena Martinovic

HEXO Deal Could Be A Big Win For Tilray, This Analyst Tells Us Why

HEXO Tilray Pablo Zuanic Nasdaq HEXO Corp Tilray Brands

On Wednesday HEXO Corp (NASDAQ:HEXO) reported a staggering loss of CA$152.7 million ($118 million) in the third quarter of 2022, representing a 638% year-over-year increase.

Gross profit was a loss of CA$5.27 million compared to a gain of CA$8.82 in the same quarter of 2021, while sales of CA$45.6 million were also down, 14% sequentially.

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