Cannabis producer Hexo Corp. reported a net loss of 21 million Canadian dollars ($17 million) for its second quarter ended Jan. 31 as its chief executive said the Canadian industry was entering its “most competitive phase” yet. Ottawa, Onta…
Hexo
Green Organic Dutchman weighs sale of cannabis greenhouse in Quebec
The Green Organic Dutchman is considering the sale of its mammoth cannabis greenhouse in Salaberry-de-Valleyfield, Quebec, approximately two months after the Mississauga, Ontario-based licensed producer increased its stake in the property to 100%. “Mul…
Hexo strikes deal to acquire Zenabis for CA$235M, eyes European cannabis market
Ottawa, Ontario-headquartered cannabis producer Hexo Corp. on Tuesday entered a definitive arrangement agreement to buy struggling competitor Zenabis Global for 235 million Canadian dollars ($185 million) in stock. The proposed acquisition of Vancouver…
Latest Canadian cannabis recalls include melting vape pens, moldy bud
Canadian cannabis products recalled in January include defective all-in-one vape pens from Hexo Corp. as well as moldy marijuana from Saskatchewan processor AgroGreens Natural Products and mislabeled bud from Manitoba’s Delta 9 Bio-Tech. HexoR…
CEO compensation at marijuana producer Hexo rises to CA$11 million
Total compensation for the top executives at struggling marijuana producer Hexo Corp. grew almost 20% year-over-year to 14.4 million Canadian dollars ($11.1 million) in fiscal 2020, led by the company’s CEO, according to a financial disclosure fi…
Hexo doubles down on cannabis beverages, cuts loss to CA$4.2 million
Canadian cannabis producer Hexo reported a net loss of 4.2 million Canadian dollars ($3.2 million) for the quarter ended Oct. 31, 2020, a significant improvement over its CA$170 million loss in the previous three-month period. The Ottawa, Ontario-based…
How Canadian cannabis firms lost millions on bad greenhouse deals
When Aurora Cannabis acquired greenhouse design firm Larssen in late 2017, it was a shot across the bow of rival Canadian marijuana producers. In short, the Alberta-based producer was signaling to the industry it intended to win the “funded capacity” r…
Cannabis producer Hexo ends year with CA$546 million loss
Canadian marijuana producer Hexo reported a net loss of 170 million Canadian dollars ($127 million) for its fourth quarter, ending its 2020 fiscal year with a CA$546 million loss. The quarterly loss accounts for inventory write downs (CA$42 million), i…
Cannabis producer Hexo ends year with CA$546 million loss
Canadian marijuana producer Hexo reported a net loss of 170 million Canadian dollars ($127 million) for its fourth quarter, ending its 2020 fiscal year with a CA$546 million loss. The quarterly loss accounts for inventory write downs (CA$42 million), i…
Cheap weed sells: Ontarians flock to OCS for $5 grams
But it’s only sold by the ounce.
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