RE:USA operationsHey Sevvy,
Welcome to the board. Yes, I agree with you on all your points.
Overall I see HEXO currently being a largely unappreciated stock and one which is more or less still flying under the radar compared to higher profile companies like Canopy, Aurora, Aphria/Tilray combo etc. With the advances HEXO has been making towards EBITDA positive and with their moves to drive down expenses and manage liabilities I am of the view that the profile of HEXO is going to make a dramatic change in March after the 2021 Q2 report comes to light. If they do indeed meet their expectation of becoming EBITDA positive they will move into a smaller and more select group of Cannabis producers that are turning cash flow positive. Recent QTR reports from both Canopy and Aurora clearly indicate that both of these larger competitors are no where near becoming EBITDA positive in the near to medium term while HEXO has that milestone in their sights within weeks.
All the best
Q
sevyyrreg wrote: From dc 8th Hexo news release
Bowman is based in the US and will be responsible for all implementation aspects of HEXO’s US operations including stand up and commissioning of production facilities, overseeing operations, supply chain and logistics, and building the team.
Comments:
Hexo is seen by most analyst as a Canadian producer which is true. As long investor I am more than interested in futur profits. This information tells me that in futur , Hexo plan is to expand and build facilities in USA to profit from this rapidly increasing market. Hexo has a solid base of operation and product knowledge with their canadian operation on which they can leverage to expand in USA. This is my view of Hexo. One of the reason that futur is good for Hexo.
Finally Hexo has a vision of efficiency in operation that others don't have. This helps to increase margins and will bring this company to profital operation. Unlike others they are not just focusing on top line, but they also work on efficient operation and bottom line , first focusing on positive EBITDIA for n'est futur, as they communicate. They have a very big asset that nobody , almost, knows. In the person of Don Courtney COO to support that.