RE:RE:Hexo-VulcanStandard talking points, typically misleading and inaccurate posted by quinlashes.
The reduction relates to one time impairments recorded in the year end financials - and of course not shown in Q1. The reductions that WERE made relate to employee layoffs, doesnt take a lot of managment brain work to cut expenses by terminating employees.
In regards to 'expansion' - that could be adding a second production line with 12 staff on it, small time expense - but '
without a need to raise capital' - geez, I hope not.
Do 'longs' and pumpers not recall that Hexo had to raise $400 million less than a year ago to overpay for Redecan? They owe Tilray $200 million - and the KAOS backstop financing is done by issuing shares.
Hexo is in the position it's in because they DID raise capital for pos bankrupt companies like Zenabis and 48N - and overpaying for Redecan.
Comment by
quinlashon Feb 13, 2023 5:26pm 
41 Views
Post# 35283971
RE:Hexo-Vulcan
The company has reported a 67% reduction in expenses, they just expanded their product offering again and they did so without a need to raise capitial on the market. The recent news coverage didn't point that out however if you were paying attention you would have realized this.