RE:Debenture RepaymentRight so Hexo spent $40 million to pay off the debenture from the cash account. That means they will have to raise more money via a PP as they are likely running out of cash again or they will have to increase their ATM to raise capital. The main reason for the selloff on Dec 6th I'd say.
quinlash wrote: Was not expecting the news today regarding the debentures and interest getting paid back, nice one :) Good to see the new management team taking care of business. Keep in mind that this will likely not appear on the QTR report coming out but on the one afterwards. To be honest I was thinking it would be another 6 months or more before we seen the debentures addressed.
I will not be making any public estimates nor guesses on the upcoming 2023 QTR 1 report but I will say that I would very much like to see Gross Sales in excess of $60 Million and net sales in excess of $42 Million
Outside of that..., WOW... the forum is a hell of a lot quieter with the new SH Rules hey !! :)
Anyhow, getting late and the old man needs his sleep.
GLTA
Q
- Long on HEXO