It is understandable in this era of aggressive competition for both capital and customers why a company would want to augment its revenues. This leads to the question: Why has HEXO included the excise taxes owed in its top-line gross revenue? Why didn’t the company omit these taxes entirely as one would do with a tax like Canada’s Harmonized Sales Tax (HST), which is never included in a company’s revenue? If one were to do the math, HEXO’s net revenue of $5.66 million is just its gross revenue less than the excise taxes that were incurred. Of HEXO’s $6.67 million in gross revenue, $1.01 million, or just over 15 percent, is attributable to paying excise taxes. 31, 2018, the company’s financials included a considerable amount of adult-use sales as well as excise taxes that were incurred and payable to the government. Article content With HEXO’s quarter-end of Oct. This advertisement has not loaded yet, but your article continues below.
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