Post by
claudemc on Mar 14, 2019 8:39am
Cash grab
You can call it what you want but the facts don't lie so let's just call it what it is, this is nothing more than an opportunistic cash grab by a company that just made significant revenues of$16.2 million, nothing to complain about, yet they still lost $4 million. Not sure I want them managing my investment.
Newstrike had, at last financials, just over $100 million in cash... for some reason that little tid bit was left out of Hexo news release talking up the beneifts of the arrangement.
A smart company management team like ACB might take a serious look at what HIP can bring to the table for them, or some other well established company.
Comment by
JohnOfAllTrades on Mar 14, 2019 8:43am
Claude the hexo ceo said they will be getting 45m in cash from hip deal, which I’m also questioning because i too thought hip had 100m+... also, acb turned down the chance to acquire hip long ago