HEXO CORP. ANNOUNCES DELAY IN FILING OF INTERIM FINANCIAL STATEMENTS AND PROVIDES CERTAIN FINANCIAL RESULTS FOR Q2 2020
HEXO Corp. - Common Shares (HEXO)
Company Research
Source: GlobeNewswire
OTTAWA, March 17, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it has not filed its interim financial statements and related management's discussion and analysis (“MD&A”) and certifications for the three and six month periods ended January 31, 2020 (the “Q2 2020 Filings”) by the filing deadline of March 16, 2020. The delay in the filing of the Q2 2020 Filings has arisen due to certain exceptional circumstances, including that for the quarter ended January 31, 2020 (“Q2 2020”), the Company will be recording a significant impairment loss in the Q2 2020 Filings. The calculation of this impairment is complex and, while a value range for the impairment is known, the final amount remains to be determined. This impairment and certain other financial results for Q2 2020 are discussed below. In addition, over the course of the past few weeks, the Company has been working on amending its MD&A for the fiscal year ended July 31, 20
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