Impairment of goodwill – As at January 31, 2020, the carrying amount of the Company’s total net assets significantly exceeded the Company’s market capitalization. That's fair.

Zeitverzögerung der Kursdaten: Deutsche Börsen +15 Min. Thanks for taking my questions. was acquired through a supply agreement, which is currently the subject of litigation and is alleged to be void as it was negotiated in bad faith at prices well in excess of market. So, in terms of the total national market share, we're among the top.
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Sorry, your blog cannot share posts by email. This is Evan, pinch-hitting on behalf of David. We've maintained our position as the market leader in Quebec, commanding over a third of the sales within the province. Okay. Now, I'd like to move on and discuss our financial results for the second quarter of fiscal 2020. While the Company has been successful in raising financing in the past, there is no assurance that it will be able to obtain additional financing or that such financing will be available on reasonable terms. Okay, great. Mit dieser Firma sind Sie ... GEHEIMTIPP! So this -- and this is what's really signaling to me the bottom of the trough is that we're now over half flower, and that trend continues. During Q2’20, the Company’s calculated adjusted EBITDA results were ($10.3M), compared with ($19.4M). As more of these harvests become available for sale that should drive increased volumes of the products sold under our HEXO and Up brands that along with the expansion of our geographical distribution and the introduction of our new 2.0 products result in a positive shift in the revenue per gram and gross margin over the next few quarters. Gross margin before fair value adjustments for Q2’20 was $5.7M or 33% of net revenue from sale of goods, compared to $4.6M and 31% in the prior quarter. Forward-looking statements in this press release include but are not limited to the Company’s statements with respect to management’s belief that certain expenses included in operating expenses are non-recurring and related to significant changes in market conditions and the refocus of its operations on becoming adjusted EBITDA positive. Loss from operations for the quarter was ($289.4M), compared with ($60.6M) in the prior period.

Adult use sales budgeted expenditures through January 31, 2021. [email protected] And then, has COVID-19 impacted the progress of Belleville in terms of construction and bringing in equipment and everything else? Good morning. As a result of increase in the volumes sold, which was offset by a decrease in the cash cost per gram related to changes in yields, process improvements and a reduction of certain costs such as the radiation. Our shipments to Quebec and other provinces are following suit. OTTAWA, March 30, 2020 (GLOBE NEWSWIRE) — HEXO Corp. (TSX: HEXO; NYSE: HEXO) (“HEXO” or the “Company”) today reported its financial results for the second quarter fiscal 2020 ended January 31, 2020. I mean, the majority of your flower sales come from Quebec, of course the province isn't allowing for most of the derivatives portfolio. Beverages will be sold under several different brands in a variety of flavors. And let's say, if it were half of that, would you still be able to meet your EBITDA outlook? As a result of this assessment, the So that's been a huge success. Okay. There's no added preservatives which makes them even more appealing, we believe, to consumers.

CBD and THC – What are they and how do they affect your health? This increase was primarily driven by the expanded distribution of Original Stash during the quarter.

Let's start in the revenue area. A more complete discussion of the risks and uncertainties facing the company appear in the company's Annual Information Form and the company's Management's Discussion and Analysis for the six-month period ended January 31st, 2020, which are now available under the company's profile on SEDAR.

EBITDA positive. Forward-looking statements should not be read as guarantees of future performance or results. Quebec is consuming most of the flower we produce, and so we're maintaining that share.

Market data powered by FactSet and Web Financial Group. Adult-use cannabis shipped revenue in Q2’20 increased 21% to $24.4M from $20.2M in Q1’20.

These statements should not be read as assurances of future performance or results. The company recorded a writedown on inventory of CAD16.1 million in the quarter compared to CAD23 million in the prior quarter.

Please see the financial statements for more detail. CAD11.8 million of this impairment relates to an impairment on concentrated bulk purchase inventory.

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