New to the boardcan anyone explain why Hexo is sittinga t .30 cents?
Hexo and Molson Coors announced a JV in August of 2018 - and introdcued their first Truss beverages in 2020, they also annoucned a SECOND JV for a Truss CBD USA.
Also - for almost a year, there have been rumours about a new partnership with a F200 company.
TWO partnerships with Molson Coors AND a parternship with an F200 company - and they got a debt transferred to Tilray - and the share price still sits at .30 cents?
Prior to the $1.5 billion in acquisitions, Hexo ($70 million), Zenabis ($70 million), 48N ($10 million) and Redecan ($70 million) have total annual sales of $220 million - or $55 milliona quarter - but last quarter Hexo reported sales of $53 million - and that will go down with this week's report.
THIS is a buying opportunity and a chance for longs to average down.