RE:REDECAN .....quebec4ever wrote: Who needs a cigarette partner ?.....we have Redecan best pre rolls ! Redecan management have years of experience with cigarette companies;) Huge potential just there.......let all the pieces fall into place before bla bla bla about Sebastien......lots of things going on imho of course!
There is a difference between growing a company that would eventually generate profit in x years, and the actual price of the company in the stock market, losing money, poor YOY net sale at 2%??? Hopefullty their acquisitions, also losing money will change that, but not soon.
Long term, Hexo could be profitable with the acquisitions they made but at what price and waiting time for the investors. Buying companies losing money will not generate profit anytime soon. Hexo paid near $925M to acquire Redecan, a big player which is a private company that should eventually improved the market shares and the revenu, but not now. Still a stiffy price to pay without knowing about its profitability, probably losing money like all the others. If their number where just good, we would heard about it, don't you think?
HEXO ACQUIRED A COMPANY THAT WAS PROFITABLE!!!. Short / medium term, like the next quarter results, you will be on the depress side to hold HEXO.
Some posters don't realize how stiff is the competition. Who heard about this big private company? There are many others that people and myself are not even aware of.