Hexo Corp. reported a $67.9 million net loss in the fourth quarter even through revenues were up slightly.
That compares with a net loss of $169.5 million in the same quarter last year.
Net revenue for the period ending July 31 was $38.6 million, up from $27 million from the same time in 2020.
The company said Zenabis, which it acquired in a $235 million deal earlier this year, contributed $6.8 million in net revenue for the quarter.
Hexo has its Centre of Excellence based in Belleville, in the former Sears Warehouse, in the Belleville Industrial Park.
