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BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Comment by quinlashon Feb 09, 2021 7:23am
62 Views
Post# 32510342

RE:HEXO Cannabis Company Summary (Updated Feb 8, 2021)

RE:HEXO Cannabis Company Summary (Updated Feb 8, 2021)HEXO will be reporting out 2021 Q2 Numbers in March and the CEO has stated a number of times that he expects to show EBITDA positive on this report.  This was his worse-case estimate for EBITDA positive and has been stating this for about 3 QTRs now. Below are the links where you can find where he states that, you will find the statements in the call transcripts.

Do some research.. it helps alot to give you confidence in the size and type of trades you place.

GLTA

Q



quinlash wrote: Company Presentations:
 
(Dec 9th, 2020) - Video HEXO Virtually Rolls out New Belleville Facility
https://youtu.be/nhTKnCRhzv4    <<<-- A Must Watch ----<<<<<<
 
(Dec 15th, 2020) - Interview with HEXO CEO Regarding 2021 Q1 Earnings - Looking Forward
https://finance.yahoo.com/video/hexo-ceo-earnings-cannabis-industry-153825537.html
 
 
Recent Company News Releases:
 
(Feb 8, 2021) - HEXO Corp appoints General Manager of US operations
https://www.globenewswire.com/news-release/2021/02/08/2171186/0/en/HEXO-Corp-appoints-General-Manager-of-US-operations.html

Taken From News Release:
“Charlie's extensive experience in commercial growth and operations will be instrumental as we continue to expand our footprint in the US. We are excited to bring such established leadership to the team as we ramp up to support the growth initiatives of Truss CBD USA, our joint venture with Molson Coors, and for potential non-beverage CPG partners with whom we are in ongoing discussions,” said HEXO CEO and co-founder Sebastien St-Louis.”

NOTE: This appears to confirm that HEXO is in discussions with a Consumer Packaged Goods (CPG) partner for the launch of their line of edibles.

(Jan 21, 2021) – HEXO Registers “Powered By HEXO" in the European Union
https://www.globenewswire.com/news-release/2021/01/21/2161977/0/en/European-Union-Intellectual-Property-Office-grants-Powered-by-HEXO-registered-trademark-status.html
 
(Jan 13, 2021) – HEXO Officially Launches Drinks in Colorado
https://www.globenewswire.com/news-release/2021/01/13/2158006/0/en/Truss-CBD-USA-a-HEXO-Corp-and-Molson-Coors-joint-venture-launches-Veryvell-sparkling-CBD-water-in-Colorado.html
 
Dec 23, 2020 – HEXO Completes 4:1 Stock Consolidation.
HEXO consolidated shares at a ratio of 4:1 on Dec 23, 2020 in order to comply with NYSE minimum listing requirements.  Since that date the stock price has more than doubled.  All charts, research sites etc are now showing revised pricing based on consolidation ratio (this includes 52 week high / low numbers)

The new outstanding share count now sits at just 122.6 Million Shares.  The CEO notes that he sees no need to issue further shares to raise funds (see further down in post for quote and link)
 
Link to share count data:
https://stockhouse.com/companies/quote?symbol=t.hexo
 
2021 ICR Presentation with HEXO CEO (discussion on US expansion into Colorado and beyond)
https://icrinc.touchcast.com/showtime/icr-conference/embed/6a310d2c-3a67-6022-c73f-165d733a591a
 
Dec 14th - 2020 Q1 - Earnings Call Transcript
https://news.alphastreet.com/hexo-corp-hexo-q1-2021-earnings-call-transcript/
HEXO’s CEO has been forecasting the company to turn EBITDA positive on the upcoming report in March of 2021
 
Dec 14th, 2020 - 2021 Q1 QTR Report
https://staticproduction.s3.amazonaws.com/financial-statements/2021/Q1+FY21+Interim+Financial+Statements+FINAL.pdf
 
Note:  HEXO's report on Dec 14th, 2020 (the 2021 Q1 Report) showed an EBITDA gap of only 420k and a record high for sales with their share of the drink market overtaking Canopy Growth despite being on the market for less time.  
 
Link to News Regarding Canopy Growth Head of Drinks Departing and HEXO market share
https://420intel.com/articles/2020/12/11/canopy-growth-beverage-head-depart-amid-sluggish-drink-sales
 

Taken from HEXO News Release
 
In light of our solid financial position, and most notably our excellent liquidity and cashflow position, we do not see the need to conduct further rounds of financing in the near future
 
Link to full News Release Referencing the No Need to Raise Additional Capital
https://www.globenewswire.com/news-release/2020/12/22/2149236/0/en/HEXO-Corp-Announces-Lapse-of-Base-Shelf-Prospectus.html
 
HEXO is Partnered with Molson-Coors-Beverages to form a JV Company called Truss.  They have two JVs with Molson now, one for Canada and one for the US.  The Canadian JV is called TRUSS, while the US JV is called TrussCBDusa
.
Molson has also partnered with Coke to rollout a Mexician drink into the US.  No mention by Molson or HEXO if something more will develop with Coke for the Cannabis space.

Molson recently teamed up with Dwayne Johnson (“The Rock”) to sell Energy Drinks
 
Link to Molson / Coke Deal
https://www.msn.com/EN-US/money/companies/molson-coors-to-bring-coke-s-alcoholic-topo-chico-to-u-s/ar-BB19xmoa
 
Link to Molson / Dwyane Johnson "The Rock" Partnership
https://www.msn.com/en-us/money/smallbusiness/dwayne-the-rock-johnson-partners-with-molson-coors-for-nonalcoholic-energy-drink/ar-BB1cEP6r
 

International Deals:

(July 2020) HEXO established a Medical Cannabis Supply contract with Israel
Link to HEXO NR on Israel Supply Agreement
https://www.globenewswire.com/news-release/2020/07/09/2059798/0/en/HEXO-launches-medical-cannabis-products-in-Israel.html


Research Links:
 
HEXO - Price to Sales Ratio Data
https://ycharts.com/companies/HEXO.TO/ps_ratio
 
HEXO - Daily Shareprice Data 
https://ca.finance.yahoo.com/quote/HEXO.TO/history/
 
HEXO - Investor Relations Homepage - QTR Reports (Also see www.sedar.com for more details)
https://www.hexocorp.com/investors/
 
(Dec 14th, 2020) HEXO - Earnings Call Transcripts (2021 Q1 Report)
https://staticproduction.s3.amazonaws.com/financial-statements/2021/Q1+FY21+Interim+Financial+Statements+FINAL.pdf
 
(Dec 14th, 2020) HEXO - 2021 Q1 Call Transcript
https://news.alphastreet.com/hexo-corp-hexo-q1-2021-earnings-call-transcript/
 
Note: HEXO 2021 Q2 Report Expected around March 14th, 2021
 

Other News:
 
(Feb 2, 2021) - HEXO Book Launch 

Link to Book Released on Amazon.CA outlining the story of HEXO (listed as Top-Seller)
https://obj.ca/article/local/book-excerpt-billion-dollar-start

(Jan 22, 2021) – HEXO issued a recall for three versions of its Vape Pens which affected apx 100,132 pens that were sold in Canada. 
 
Link to Details on Units Recalled, with quantities
https://healthycanadians.gc.ca/recall-alert-rappel-avis/hc-sc/2021/74809r-eng.php
 
No NR was issued for this and the company was quoted as saying the following:
 
“As an immediate corrective action, Hexo has implemented enhanced third-party hardware approval criteria including the use of an independent third-party accredited lab to assess all devices under consideration,” Shannon McCoy, Hexo vice president of quality, wrote in a statement emailed to MJBizDaily."

"Hexo expects the financial impact of the voluntary recall to be minimal, and well within the normal course of business,” McCoy added, without specifying the exact number of recalled vape pens."

Link to Source used for above comments by HEXO Corp
https://www.popularhemp.com/2021/01/21/latest-canadian-cannabis-recalls-include-melting-vape-pens-moldy-bud/#:~:text=Hexo%E2%80%99s%20recall%2C%20announced%20Jan.%2012%20by%20the%20Ontario,Saskatchewan%20as%20well%20as%20to%20medical%20cannabis%20clients.
 
 
Ways to Trade:

HEXO Shares Trade on both the Canadian TSX and US NYSE under the ticker symbol:  HEXO

Stock Warrants available for HEXO shares trade on the TSX under ticker symbol:  HIP-WT-A
 
Note:  Trading sheets on these warrants may, or may not, be up to date with brokers.  Call your broker and/or speak to HEXO to confirm.  Last (non-published communication from HEXO) is that these warrants will have a .01583 conversion being applied for the exercise from warrants to HEXO shares.


Disclosure:  
Stockhouse User Quinlash recommends HEXO and holds long positions in both HEXO shares as well as HIP-WT-A
 
 



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