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HEXO Corp is a publicly-traded company that operates under the stock symbol "HEXO" on the U.S. stock exchange. HEEXO is a Canadian cannabis company that produces and sells a variety of cannabis products, including dried flower, oils, and edibles.
In terms of earnings, HEXO Corp's financial performance has been somewhat mixed in recent quarters. For the first quarter of fiscal 2022, the company reported net revenue of CAD $26.9 million, down from CAD $32.8 million in the prior-year period. The company also reported a net loss of CAD $62.4 million for the quarter.
However, it's important to note that the cannabis industry is still in its early stages, and many companies in the space are investing heavily in areas such as infrastructure, brand building, and product development. As a result, profitability may not be the best metric to use when evaluating these companies in the short term.
In terms of growth, HEXO Corp has been expanding its operations through both organic growth and strategic acquisitions. In October 2021, the company completed its acquisition of Redecan, Canada's largest privately-owned cannabis company, which is expected to significantly increase HEXO's market share and distribution network.
Additionally, HEXO Corp has been expanding its product offerings to meet the evolving needs of cannabis consumers. The company has launched several new brands and product lines in recent months, including a line of cannabis-infused beverages in collaboration with Molson Coors Beverage Company.
Overall, while HEXO Corp's financial performance has been somewhat mixed, the company is well-positioned for long-term growth in the rapidly-growing cannabis market. Investors should continue to monitor the company's earnings and growth prospects as it executes on its strategic initiatives.