Investing.com - Financial Markets Worldwide
NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

BRIEF-Hexo Corp Withdraws Fiscal Year 2020 Outlook

Published 2019-10-10, 09:10 a/m
© Reuters. BRIEF-Hexo Corp Withdraws Fiscal Year 2020 Outlook
HEXO
-

Oct 10 (Reuters) - Hexo Corp HEXO.TO :

* HEXO CORP PROVIDES PRELIMINARY FOURTH QUARTER 2019 REVENUE RESULTS AND WITHDRAWS FISCAL YEAR 2020 OUTLOOK

* HEXO CORP - EXPECTS NET REVENUE FOR Q4 TO BE APPROXIMATELY $14.5 MILLION TO $16.5 MILLION

* HEXO CORP - Q4 REVENUE IS BELOW EXPECTATION AND GUIDANCE, PRIMARILY DUE TO LOWER THAN EXPECTED PRODUCT SELL THROUGH

* HEXO CORP - EVALUATING PLANS AND OPERATIONS

* HEXO CORP - GIVEN UNCERTAINTIES IN MARKETPLACE, CO DETERMINED THAT IT IS APPROPRIATE COURSE OF ACTION TO WITHDRAW OUTLOOK FOR FISCAL YEAR 2020

* HEXO CORP - PLACING A GREATER FOCUS ON PROFITABILITY

* HEXO - SLOWER THAN EXPECTED STORE ROLLOUTS, DELAY IN GOVERNMENT APPROVAL FOR CANNABIS DERIVATIVE PRODUCTS & SIGNS OF PRICING PRESSURE BEING FELT NATIONALLY

* HEXO CORP - OVER PAST QUARTER, CO BEGAN RE-CONFIGURING OPERATIONS TO FOCUS ON HIGH-SELLING STRAINS

* HEXO - REGULATORY UNCERTAINTY ACROSS PAN-CANADIAN SYSTEM HAVE CONTRIBUTED TO INCREASED LEVEL OF UNPREDICTABILITY IN QUARTER

* HEXO - JURISDICTIONAL DECISIONS TO LIMIT AVAILABILITY, TYPES OF CANNABIS DERIVATIVE PRODUCTS HAVE CONTRIBUTED TO INCREASED LEVEL OF UNPREDICTABILITY IN QUARTER

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.