March 14, 2019 / 12:12 PM / 9 months ago

BUZZ-Hexo Corp: Gains after higher revenue, smaller loss

** U.S.-listed shares of Canada-based cannabis producer rise ~12 pct to $6.66 premarket

** Q2 net rev rose to C$13.4 mln from C$1.2 mln a year earlier; main contributor was addition of adult-use sales

** Co realized first full quarter since legalization in Canada

** Q2 net loss of C$4.3 mln vs C$8.9 mln a year-ago period

** Adult-use cannabis revenue, excluding excise tax, rose to C$14.8 mln from C$5.2 mln in Q1

** Up to Wednesday’s close, U.S.-listed stock has risen ~14 pct YTD

Reporting by Debroop Roy

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below