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Infographic: Key highlights of HEXO Corp (HEXO) Q3 2020 earnings
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.
![HEXO Corp (HEXO) Q3 2020 earnings](https://cdn.news.alphastreet.com/wp-content/uploads/2020/06/HEXO-Corp-Q3-2020-Earnings-Infographic.jpg)
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.
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