RE:RE:RE:RE:RE:RE:RE:RE:Shorters just covered 15M Shares @ $2.17Zaidencore, Stop staring at the trees and see the forest!
A little math and statistics if I may.
FACT:HEXO operating cash for balance of 2020: 70M$ + 25M$ + savings from reajustments.
FACT:Last quarterly sales were 15-17M$ with 20 stores in Quebec plus 20 stores in Ontario.
FACT:They have a solid pipeline for the rest of the year. Store numbers will double from 21 to 42 by March 1st in Quebec.Close to 100 in Ontario. more pot sales will happen$$$$Garanteed!
FACT:Beverages will go on line March 1st. 6M people in Quebec alone and 2M drink alcoholic beverages. Those surveyed said they would try the cannabis drinks. HEXO has an offering of 3 types: CBD, THC only and a combo. IF only 1M people sample it in Quebec alone at 5$ a pop.(5M$ per sample) X 3 for the different types =15M$ sold over 40 stores. That's Quebec alone with no competition in the province!$$$$$$$ Garanteed!!!! This does not include the extra pot they will sell at double the outlets!
Then there's the rest of Canada! Also other countries where CBD/THC can be sold via Molson world wide. $$$$$$$ Drinkers will want to compare with Canopy drink so more sampling and potential long term adoption. Those who like the drinks will drink more than 3 per quarter $$$
Our friends the market makers know this is coming so they are manipulating the MJ stocks to get in at lowest price possible. Once enough chicken shiits get tired of selling the hedgefunds and institutions will buy and make it rally with the same speed it came down...The hype alone will bring up the SP before they even sell one can...
FACT: SP is at 52 week lows
FACT: 90% of retail investors loose money(buy high/ panic sell low) 10% make money.(buy low/sell high)
Ask yourself: What are the 90 % doing right now?
I'm buying! There is no fundamental bad news for HEXO right now. It's all manipulation which means it will revert soon. Nobody is going bankrupt!!! Lawsuits don"t scare anyone.
This is all BS from the presstitutes that are owned by BIG money! The guys that want you to sell your shares to them dirt cheap!!!!
Anything is possible but what is probable in the next 10 months given all the above FACTS?
Where will HEXO SP be by the end of the year?. Lower, same or HIGHER?