June 11 (Reuters) - Hexo Corp HEXO.TO :
* . REPORTS THIRD QUARTER FISCAL 2020 FINANCIAL RESULTS; NET REVENUE UP 30% TO $22.1 MILLION, IMPROVED OPERATIONAL PERFORMANCE
* NET REVENUE INCREASED 30% TO $22.1 MILLION FROM $17.0 MILLION IN Q2
* HEXO - QTRLY NEGATIVE ADJUSTED EBITDA $4.3 MILLION VERSUS NEGATIVE $8.5 MILLION
* Q4 REVENUE VIEW C$22.5 MILLION -- REFINITIV IBES DATA
* HEXO - PLANS TO ACHIEVE ADJUSTED. EBITDA POSITIVE IN H1 2021 WILL DEPEND ON GROWTH OF RETAIL STORES IN TWO LARGEST MARKETS, ONTARIO & QUEBEC
* DIFFICULT TO DETERMINE TIMING OF NEW LICENSES FOR NEW RETAILS STORES IN ONTARIO, BUILD OUT OF ADDITIONAL STORES IN QUEBEC