Management doesn’t set theShare price.
$250 million for bankrupt hexo
$225 million for bankrupt medmen
Return on investment ? Hexo contributes less than $10 million gross per quarter - Medmen contributed a ZERO return.
No cash now?
No problem - just do another $250 million ATM and dilute the shareholder value.
Not the CEOs fault he buys bankrupt companies - buy Tilray!