RE:Price targets likely move up post Zenabis vote Per Trent M. CFO, as soon as the deal closes, HEXO will pay off the debt that comes with Zenabis to the extent allowable. They also recently paid off part of the HEXO debt and therefore, the decreased interest payments combined to synergies related to combining the operations will certainly move them to cash flow positive faster, albeit gradually of the coming months.
The larger recreational sales volume - #3 in Canada and closing fast on #2 - may well add $4 ca to the targets IMHO.
Looking good HEXO!
quinlash wrote: If we see the Zenabis / HEXO deal go through this week I suspect we will see new / higher price targets set for the new larger HEXO operation. Combined the two companies will be pulling in a ton more sales than HEXO does on it's own and the cost savings the two will have together will just move them to cash flow positive faster.
JMHO
Q