RE:RE:HEXO Annual Sales for 2021quinlash wrote: HEXO, along with all the top Cannabis players are yet to turn profitable... therefore.. yes, they post a loss on each QTR report. They were losing money when they hit their highs of 2019 as well however now they are bringing in sales numbers far outstretching anything seen in 2019 and edging their way to profitability.
You should know this... we are trading in a High Risk / High Reward sector.
Q
Very bad comparaison since people would expect that to happen in 2019 with the sector in its infancy. you can say it is still in its infancy but it is no more a baby. When quarter after quarter the numbers are not good, the stocks will reach their true valuation.You can argue it was not so bad for HEXO before the latest quarter, now it is bad. People see it is not the gold mine many people thought. Lower revenue than the previous quarter is really not good, let's not talk about the other numbers like the debt. Add the recent acquisitions. Instead of believing, I want to see the next quarter result. I want to see if the companies deliver then I might be interested.
If my strategy is so bad, why I am not losing money?