RE:For those who dont know,from 2018!q4 - FAF investment it was................................................................
q4 I dont mind your cheering even thought you forward no new info
but now you are simply bs-ing the board
HEXO cashed in all their FAF debentures (too early 4sure) - and have none left at the moment
a simple check in sedat will tell you that - my guess is you have all your eggs in the same basket
INNER SPIRITS - reatil outlets HEXO is partner in this venture
https://www.newswire.ca/news-releases/inner-spirit-holdings-announces-75th-spiritleaf-retail-cannabis-store-opening-889052610.html
fyi re: FAF
On July 26, 2018, the Company purchased $10,000 in the form of unsecured and subordinated convertible debentures to an unrelated entity, Fire and Flower (“FAF”). The convertible debentures bore interest at 8%, which was paid semi-annually and matured July 31, 2020. The convertible debentures included a conversion feature which allowed for the conversion of the debenture into common shares of FAF at the lower of $1.15 and the share price as defined within the agreement. The Company obtained the debenture as a part of a HEXO Corp. 2020 Consolidated Financial Statements 16 strategic investment into the private retail cannabis market. The convertible debentures are measured using a level 2 valuation methodology under the fair value hierarchy. The debentures had the option of being converted into common shares or a loan on July 31, 2020, which bore interest at 12%, at the holder’s option. On January 23, 2020, $3,000 of debentures were converted using a conversion rate of $1.15 into 2,608,695 common shares of FAF. The Company then fully disposed of these shares on January 27, 2020 at an average market price of $1.0541 for total proceeds of $2,724, net of commission expenses amounting to $26. On February 11, 2020, the remaining $7,000 of debentures were converted using a conversion rate of $1.15 into 6,086,956, common shares of FAF. The Company fully disposed of these shares on February 18, 2020 at an average market price of $0.75 for total proceeds of $4,504 net of commission expenses amounting to $61. The accrued and unpaid interest on February 11, 2020, was $367 which was settled through the issuance of 319,377 common shares of FAF to the Company (Note 11). The realized loss for the year ended July 31, 2020 was $4,396.