RE:RE:RE:RE:RE:RE:RE:RE:Nothing to see hereI can't say I knew anything about HEXO until the recent influx of enthusiasm from a few contributors here.
I took a little peek at their last quarterly statement on SEDAR and a few items jumped out quickly.
HEXO is very cash rich!
That is a good thing because in the 3-month report a few glaring expenses are indicated:
1. General and Admin expenses: $ 4.9 Million (equivalent to $19.6 M yearly
2. Marketing and promotion : $ 11.7 Million (equivelent to $46.8 M yearly)
3. Stock-based Compensation : $ 4.6 Million (possibly a one-off so may not be quarterly)
That is a whopping $21.2 Million spent over 3 months and if the compensation totals are projected over a year that amounts to over $80 Million!
I wish for whoever has their money invested in HEXO lots of luck but I would be very skeptical about what the future holds. Lots of downside risk!
TNY has zero downside risk and if TNY gets near the Market Cap of HEXO then our share price will be licking near $15.
Tinga91 wrote: MrsMackie wrote: No mention on Tiny tin here. Great job from IR and the highly praised marketing genius':
https://www.bloomberg.com/news/articles/2019-02-06/scientists-are-racing-to-make-pot-like-booze-so-you-can-drink-it?srnd=premium-canada
What is Tiny tin selling again? Oh ya, I forgot, nothing. Cool aid bottles sitting on shelves....but they are in high demand. 0,10$ per bottle return, that's about how much they are worth.
quote=SlantJohnson]"Just to make it that much easier for people to laugh at you."
I hope you don't mean me. I posted this so HEXO boy would stfu already.
I guess when you spend 12 million per quarter on advertising and promotion (twice as much as reported revenues) you should expect a few pumpy articles like this.[/quote]