Through cost reductions and revenue growth, the firm says it expects to generate cash flow of about $37.5 million in fiscal 2022, and an estimated $135 million in fiscal 2023 for a total of $175 million over the two years. Hexo says it will slash operating expenses by about 30 per cent by the end of fiscal 2023 by right-sizing the organization, as well as relying less on outside consultations and streamlining operations. Read more: Hexo to shutter 3 production sites in early 2022 Another $30 million in savings is anticipated through manufacturing and production cost cuts.