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Benzinga
Benzinga
Business
Jelena Martinovic

What Are Upside Catalysts For HEXO Stock? Analyst Thoughts Post Q2 Earnings

HEXO Pablo Zuanic HEXO Corp.

On Friday, cannabis company HEXO Corp. (NASDAQ:HEXO) reported a staggering loss of CA$690.2 million ($546,94 million) for the second quarter of fiscal 2022, compared to CA$20,8 million in the same period of 2021.

The Canadian company said that its financial condition is positioned to be significantly strengthened by the proposed restructuring of the debt, allowing for access to up to approximately CA$282 million in cash.

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