RE:RE:HEXO Q 3 , 2020 EARNINGS JUNE 11TH BMOLast QTR...
1 - they beat estimates on sales and margin
2 - rolled back expenses and announced further cost cutting measures
3 - Announced the roll-out of original hash accross Canada...
Since last QTR we have the up tick in new users coming in and buying Cannabis for both medical and recreational due to the whole self-isolation thing etc. We can also reasonably expect that many black market users switched to online sales to not exposure. Some of the smaller companies that reported out showed a 500% increase in net sales, Ontario reported up-ticks in sales of 600%
Here's my thoughts... They will beat estimates on the next report for sales... --- >>>> VERY VERY WELL <<<<---
Could someone please post the links for the ontario uptick in online sales articles... I'm still making coffee and stuff here... thx in advance :)
Q Soccerguy wrote: Sooo.... what are people's thoughts??? Last one dissapointed. Hopefully they have restructured nicely and on our way to profitability. Some great news releases these past few weeks. Good luck!