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Company News

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

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