HEXO reports Q1 net revenue C$35.8M vs. C$50.2M last year

"The first quarter of 2023 has been one of incredible progress for HEXO," said Charlie Bowman, President and CEO of HEXO. "We’re now seeing the results of the strategic realignment we executed over the past two quarters and have successfully reset the Company for long-term success. Our laser focus on tackling the balance sheet, pulling back on those unprofitable products where our strengths in premium cultivation were not being leveraged and expanding further into opportunities where we know we can win, is paying off across the business."