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HEXO Corp. (HEXO) Q2 2023 Earnings Call Transcript


HEXO Corp. (NASDAQ:HEXO) Q2 2023 Earnings Conference Call March 17, 2023 10:00 AM ET

Company Participants

Charlie Bowman – President and Chief Executive Officer

Julius Ivancsits – Chief Financial Officer

Conference Call Participants

Matt Bottomley – Canaccord Genuity

Frederico Gomes – ATB Capital Markets

Aaron Grey – Alliance Global Partners


Good morning. I would like to welcome everyone to HEXO Corp’s Second Quarter 2023 Conference Call. Joining us today is Charlie Bowman, President and Chief Executive Officer of HEXO Corp; and Julius Ivancsits, Chief Financial Officer of HEXO. As a reminder, this conference is being recorded. Please note that all financial information is provided in Canadian dollars, unless otherwise stated that a copy of the Q2 results can be accessed on SEDAR and EDGAR. To open the call Charlie and Julius will provide their commentary on the quarter, followed by a question-and-answer session to ensure that we get to as many questions as possible. We ask participants to limit themselves to one question.

With that, I’ll now pass the call over to Charlie Bowman, President and CEO of HEXO Corp.

Charlie Bowman

Thanks and good morning everyone. I’m pleased to review our results from the quarter ending in January 31, 2023. We’ll begin by detailing some of our financial accomplishments, highlight a few of our key products and operational achievements that happened this quarter, our goal is to take you along the journey to a leaner operation focused on the quality and near-term profitability. Afterwards, Julius will walk us through HEXO’s financial results. First, before I just start, about nine months ago, I had an opportunity to sit down with a number of the original shareholders, none of who have sold a single share of stock. Their advice to me was once we reset the balance sheet is to take off my corporate tie and to focus on the key consumer elements

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