Hexo paid Sundial $20 million for the purchase of ZenabisThat's right - in December of 2020, just before Hexo's acquisition - Sundial 'bought' debt owed by Zenabis to a third party.
Part of that debt was due December 31, 2020 - and Zenabis had no money. Hexo 'lent' Zenabis $20 million for that particular debt - which in effect means that Hexo didnt pay $235 million for a bankrupt Zenabis - they paid $255 miilion.
$20 million from Hexo's bank account (they actually had one at the time) into Sundial's bank account. hmmmmmm.
But wait, you say - that's old news, forget that - it's just another example of a lousy SSL deal.
But wait I say - there's more to come.........
and remember, I posted from Day 1 "buying Zenabis was a bad business decision" - while tonto and queen said it was a FANTASTIC deal.
More to come because it gets worse.....