RE:RE:RE:Sorry for you longs.. @HEXO4LIFE - I was actually questioning why the original poster would make such a comment. But to your point about everyone being concerned about HEXO's cash burn, you will note from the below cash flow statement that HEXO is adding to their cash position each quarter. Also, with the NewStrike takeover HEXO acquired what was left over from the 96.4 million 2018 share offering. I estimate it used about 40.5 million for the Niagra build out That would leave another $50+ million in cash beyond the $80+ million cash position shown at the end of Q3.
| HEXO Statement of Cash Flows | | | | |
| Quarterly | 4/30/2019 | 1/31/19 | 10/31/18 | 7/31/18 |
| Operating | | | | |
| netIncome | (7,751,000) | (4,325,000) | (12,803,276) | (10,508,675) |
| depreciation | 272,000 | 169,144 | 1,079,132 | 672,786 |
| changeToNetincome | 3,023,000 | (1,263,493) | (3,417,507) | 806,634 |
| changeToAccountReceivables | (1,460,000) | (3,217,023) | (6,331,977) | (314,204) |
| changeToLiabilities | 3,609,000 | 4,277,736 | (713,736) | 2,496,643 |
| changeToInventory | (5,628,000) | (1,767,848) | (1,729,152) | (332,350) |
| changeToOperatingActivities | 2,004,000 | (8,954,224) | 491,224 | (3,593,632) |
| totalCashFromOperatingActivities | (5,931,000) | (15,080,708) | (23,425,292) | (10,772,798) |
| | | | | |
| Investing | | | | |
| capitalExpenditures | (37,995,000) | (41,290,736) | (25,720,264) | (22,276,736) |
| investments | 15,000 | 52,564,667 | 49,803,333 | 42,540,110 |
| otherCashflowsFromInvestingActivities | 13,225,000 | (3,130,298) | (25,333,702) | (10,000,000) |
| totalCashflowsFromInvestingActivities | (24,755,000) | 8,143,633 | (1,250,633) | 10,263,374 |
| | | | | |
| Financing | | | | |
| issuanceOfStock | 9,119,000 | 59,750,751 | 8,612,249 | 28,403,692 |
| netBorrowings | 33,746,000 | | | |
| otherCashflowsFromFinancingActivities | (4,131,000) | (3,332,000) | | 10,484,576 |
| totalCashFromFinancingActivities | 38,734,000 | 56,418,751 | 8,612,249 | 38,888,268 |
| | | | | |
| changeInCash | 8,048,000 | 49,481,676 | (16,063,676) | 38,378,844 |
| Cash beginning of term | 72,759,688 | 23,278,012 | 39,341,688 | 962,844 |
| Cash and cash Equivalennts end of Period | 80,807,688 | 72,759,688 | 23,278,012 | 39,341,688 |