Share Based Compensation PolicyI am not averse to share based compensation unless it can be seen as deleterious to the company's financial position. Over the past three quarters the value of HEXO's share based compensation alone has averaged 121% of adjusted gross revenues - automatically putting the company in a loss position on this expense alone. Just because all LPs are doing it does't make it right.
Investors are now looking to positive earnings and a return on investment. At the very least, HEXO's board has the discresion to reduce this cost. Any JV would want to partner with a profitable company. Let HEXO be the first.