RE:What's Hexo need to do??? Simple math!!GaillardDeshaie wrote: Hi Hexo long's, there isn't lots of solution to solve HEXO problem, IMHO. Simple example: 2 years ago, you can buy 2gr of OS.Hash for $42, which is $21 per gram...Well, it was $15 in 80's...so it is actually cheap. Now, same product, you can buy $50 for 4gr, which is $12,48/gr. and it is tax in!!!
What is now the simple math: SQDC is selling at $10.85 + tx = $12.48.
SQDC will make at least 35% profit so they have to pay no more than $8.04/gr...and HEXO have to pay 35% Excise tax...so HEXO is selling at $5.95/gr as a REVENUE...wow how HEXO can make profit when selling at that price. IMHO...Hexo need to increase price because they can't reduce the cost of goods...However I still enjoyed to burn one once awhile...Hope McDonald will be replace asap....and HEXO need a really good beans counter...GLTA...DYOD..Gaillard.
Go at the SQDC and look at the number of competitors. If Hexo increase their price, they will sell less. As an investor, you are thinking about Hexo. The customer may never even heard about Hexo. Look how many producers then the number of products.