The debentures were announced in OCT of 2019 when the Share Price was around $6.00

The share price was also around $1.40 -> $1.70 prior to the Corona Virus showing up. 

It is reasonable to say that the debentures, the Corona Virus and likely a Zombie apocalypse have already been priced into the share price
The price for the shares, based on sales is apx $3.68. IMHO the market is pricing HEXO ridiculously low.

If you think otherwise then don't buy, sell or short. 


Quietinvestor wrote: But it means more dilution like Mr Oldtimer said.