Chances that Valens faces a similar issue to LABS?So LABS just sent out a PR about them suing HEXO for $9.8 million due to unpaid bills and a breach of contract.
HEXO is also partnered with VLNS, which is not a great sign.
So, what are the chances that HEXO defaults on payments owed to VLNS as well? Or that any other contracted partner with VLNS ends up in this situation due to the cash crunch?
I bought shares at $3.77 CAD last week to swing, and sold at a loss today as I feel the risk is too great with something like this happening to VLNS. They might also get dragged through the mud with the rest of the sector when Canopy reports in February.
Thoughts?