RE:RE:RE:RE:RE:RE:RE:RE:Q1You guys are morons.
The announcement mentions the closures in 'early 2002' - and you're guys are wondering if they've been sold yet?
Hilarious.
At any rate - not sure why you think a future sale of a facility will result in FREE CASH. Hexo spent $50 million to buy 48N - they'll be lucky to get $2 million for 400 acres of bush in northern Ontario. The town of KIrkland Lake has already stated they dont want the greenhouse - and who would gvien the location, what are you going to grow - flowers for the Northern Ontario area?
It'll fall into ruin and be bulldozed.
Hexo $10 million for Newstrike state of the art facility (theu wrote $298 million) - so given everyone is shutting down greenhouses, who is going to buy Stellarton.
So boys - your'e dreaming if you think Hexo is going to get anything meaning ful out of the closed facilties.
quinlash - (12/7/2021 5:38:20 PM) RE:RE:RE:RE:RE:RE:RE:Q1 Touran77 wrote:
caretired1 wrote:New ceos also clean house financially so look for write offs and write downs so he can look good go forward
People said that last quarter.
People forgot that SSL did a real good cleanup at Q4 in 2020.
We've closed 3 unefficient facilities in November, those will hit Q2 numbers. Writedowns always depend on how much those facilities were worth in the books versys how much they sold it.
GLTA
Touran
As far as I can see they have not sold off any of those facilities yet so we will have to wait and see exactly how much incremental cash those deals bring into the company. When they do sell any write down on those assets will be reported on the QTR report where the deals too place. If it happens tomorrow we would not see those numbers show up until the March 17th, 2022 QTR report.
Q