Hexo shares slip as it reports $56.7M fourth-quarter loss, revenue totals $15.4M

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Shares of Hexo Corp. fell after the cannabis company posted a larger-than-expected fourth-quarter adjusted loss and an inventory writedown. The Gatineau, Que.-based pot producer’s stock slipped as much as 10 per cent to $2.72 on the Toronto Stock Exchange, but regained some ground to trade for $2.89 by late morning. “Our company’s still young, despite all that we’ve accomplished, we’ve had some shortfalls….

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