The companies believe the deal will help Ottawa-based cannabis producer access the European medical cannabis market through Zenabis' partnerships.
The loss amounted to $2.43 per diluted share for the quarter ended Dec. 31, compared with a loss of $109.6 million or 26 cents per share a year earlier.
Hexo co-founders Adam Miron and Sébastien St-Louis, along with writer Julie Beun, reflect on their journey creating the local licensed cannabis producer.
The Ottawa-area pot producer says it will end operations at sites in St. John's, Fredericton, Edmonton, Bowmanville, Ont. and at an outdoor grow facility in Saskatchewan.
Gaining a U.S. toehold could be a step to reversing layoffs hitting cannabis companies, Canadian pot producers say.
Pot producer says plan aimed at avoiding a delisting of its shares from the NYSE is in the best interests of the company and its shareholders.
Cannabis company says cuts affect employees at its Niagara-on-the-Lake and Smiths Falls locations.
Increasingly crowded marketplace also includes beverages from Canopy Growth and other producers.
Smiths Falls-based company says recreational sales fell when it was forced to close its 22 stores until mid-May during the COVID-19 crisis.
Canopy's performance in Canada's recreational market has improved "modestly" in recent weeks as brick-and-mortar stores reopened, company executives say.