HEXO Corp. (TSX: HEXO; NYSE: HEXO) reported a wider loss in the third quarter of 2020 due to higher expenses. The top-line jumped by 70% year-over-year. The company expects that the continued spread of COVID-19 globally could have an adverse impact on its business and operations.
The company said the adverse impact includes disruptions in cultivation and processing activities, supply chains and sales channels, as well as deterioration of general economic conditions including a possible national or global recession.
The company expects to be adjusted EBITDA positive in the first half of fiscal 2021, subject to certain assumptions regarding store count, operational improvements, cost-saving initiatives, and the economic impact of the COVID-19.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock