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Benzinga
Benzinga
Business
Vuk Zdinjak

Hexo FY22 Net Loss Reaches CA$1.1B - Here's What Investors Need To Know

HEXO Nasdaq HEXO Corp

HEXO Corp. (NASDAQ:HEXO) (TSX:HEXO) net revenue in FY22 was CA$191.1 million ($141.2 million), a 54% increase compared to CA$123.8 million in FY21. This increase is mainly attributable to the acquisitions of Redecan and Zenabis, which contributed CA$60.3 million and CA$30.8 million of net revenue in FY22, respectively. Excluding the impact of business acquisitions, net revenues have declined by 19%.

FY22 Financial Highlights

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