Cannabis producer Hexo's loss surges; cultivation suspended in Niagara

On Oct. 28, Hexo said it received licenses from Health Canada for its Centre of Excellence in Belleville, Ontario. Gatineau, Quebec-based federally licensed producer Hexo recorded annual and quarterly net losses of 82 million Canadian dollars ($62 million) and CA$57 million, respectively, for the period ending July 31. That's significantly worse than the same period last year, when the company posted annual and quarterly net losses of CA$23 million and CA$11 million, respectively. In a note t...