Known failureQuinlash was an owner and pu per of Newstrike - Hexo bought newstrike for $265 million and promptly closed it 6 months later, selling the state of the art facility for $10 million. Hexo cited theyw ere right sizing and to the market and didnt need the prodcution space.
At year end, Hexo wrote off $298 million lreated to the acquisition.
6 months later, Hexo bought Zenabis for $255 million - they've since closed the Langley and Stellarton facilites
They also bought 48North - an outdoor grow operation in northern Ontartio for $50 million - which had already shut down. Hexo has left it closed.
Approx 6 months ago - Hexo bought for - and overpaid - Redecan for $1 billion.
At the end of last quarter - Hexo wrote off $700 million related to these acquisitons.
There's so much more to the horror story of Hexo.
Quinlas, commonly referred to as queertard or queentard has suposoedly bought into all these failed companies - regardless, he ahs certainly pumptarded all of them - and now guess what?
He's started to post on Tilray.
Beware the queentard!
He will post misleading, incomplete, biased and outrght faleshoods - easliy disproved - but the naive retail investor should question everyhting he posts