Shares of Hexo Corp. /zigman2/quotes/206508254/composite HEXO -7.09% slumped 4% in premarket trading Monday, after the Canada-based consumer packaged goods cannabis company reported a fiscal first-quarter loss that widened nearly 5-fold from a year ago as net revenue more than doubled but revenue per gram declined. The net loss for the quarter to Oct. 31 was C$62.4 million ($47.6 million), compared with a loss of C$12.8 million in the same period a year ago. Hexo did not provide what the loss was per share. The company said the results included C$3.7 million in restructuring costs. Gross revenue rose to C$19.3 million from C$6.6 million, while excluding excise taxes net revenue grew to C$14.5 million from C$5.7 million. Total gram and gram equivalents sold rose to 4,196 from 952, while adult-use gross revenue per gram and gram equivalent sold fell to C$4.35 from C$5.45. The stock has plummeted 47% over the past three months through Friday, while the ETFMG Alternative Harvest ETF /zigman2/quotes/204332491/composite MJ -5.46% has tumbled 29% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -3.35% has gained 5.7%.