RE:HEXO Total Liabilities = $549 Mil CDN / $424 USDWhat the news release said:
The Path to Growth: A Strengthened Balance Sheet
As part of its plan to ensure the Company has adequate capital to meet its requirements, it is taking immediate action to reduce the dilutive effect of its senior secured convertible note (“Convertible Note”). The Company is working with investment banks, as well as its current debt holder towards a holistic solution to reduce its debt overhang.
What Quin-Spin said:
One item of note mentioned by the CEO is that they are working with investment banking to obtain traditional financing in order to avoid dilluting shareholder value through a capitial raise on the market.
To avoid diluting shareholder value through a capital raise? Really? Proven liar Quin spin. Anyone who listens to you deserves what they get. Pain.