RE:RE:RE:RE:RE:RE:RE:HEXO Research Links (April 28, 2021)As per last HEXO QTR report they have apx 150 Million in cash on-hand with more as liquid assets. HEXO can certainly pay that off with their existing cash on hand or opt to use part of the 1.2 Billion they are looking at raising as part of their US Expansion plans. It is unclear how (or if) they will be deploying the assets from Zenabis as part of the "US Invasion" that the CEO mentioned. If you happen to come across anything about how Zenabis could aid in expanding the operation into the US it would be certainly appreciated if you shared that to the forum.
All the best
Q
Select55 wrote: I figured it out there trying to get share holders to approve a 213,000,000 share issue before merger to pay off a 20 million debenture as far as iam concerned hexo can pay it
2 FOR or AGAINST an ordinary resolution, the full text of which is set forth in Schedule A to the Circular, to approve the issuance of common shares of the Corporation ("Common Shares") in excess of 213,260,324 Common Shares, upon the conversion of the unsecured convertible debenture in the principal amount of $19.5 million issued by the Corporation and dated as of February 16, 2021, all as more particularly described in the Circular.