quinlash wrote: momocau wrote: HELLO TO YOU ALL, I AM AT 85% LOSS WITH HEXO AND I WILL NEVER SELL. ASK YOURSELF WHY THERE ARE PEOPLE BUYING THE SHARES AT .20 OR .15 ((THEY ARE NOT BUYING THESE SHARES TO LOSE MONEY.)) THERE IS A REASON, THEY ALWAYS TRUST IN HEXO. HE KNOWS VERY WELL THAT THE SHARES WILL GO UP ONE DAY. I WILL NEVER TELL YOU TO BUY OR SELL, BUT ME MY IDEA IS DONE ((I KEEP MY ACTIONS)). I WISH YOU A HAPPY WEEKEND AND GOOD LUCK TO YOU ALL.
The sector itself needs more attention brought to it by things such as the US progressing legalization, that or other countries coming online. This will open new opportunities for HEXO/Tilray to work together and gain additional sales.
HEXO Corp really needs to increase it's profile within the Cannabis Sector with deals, big product rollouts etc. The Tyson Deal was nice but not big enough to move the market. The Entourage deal was also nice, but again, not big enough to make substantional impression on investors. The only substantial news that may be lurking out there is Tilray making a public bid to buyout HEXO Corp on a per share basis.
When the company turns EBITDA positive / cash positive it will make HEXO Corp stand out from the other Top Tier 1 companies as it will be the only one within that group that has done so. The last time I reviewed the other Top Tier 1's HEXO Corp was still on track to report positive earnings in the shortest time period.
The most recent QTR Report suffered from unreported sales figures "due to weather delays" in delivery, while this could very well point to a much stronger Q2 report (as the sales will be added to next report) the fact that the company is invoicing on delivery is a bit stunning to me, as it doesn't make sense IMHO unless it is a Federally mandated requirement applied to all of the Canadian Producers.
Regardless, as I have noted many times, I have researched these products and I like how HEXO is positioned within the Canadian Market space and it's options for expansion both overseas as well as into the US through the Molson and Tilray partnerships.
Back to trading, as I noted, I am comparing the companies based on sales ratios and using these to set my lower and upper targets for my partial sell / rebalance and then for a some profit taking later on. Considering what the share consolidation will do to my averages etc I am likely going to doing a lot more holding that I will be doing any actual trading for some time.
For everyone... I would strongly suggest you
take a screen shot of your current trading account numbers, be sure to know how many shares you currently have and what your weighted average is. Once the consolidation goes through we will be seeing the shareprice jump up over $2 per share however your averages will also be shooting up. Don't risk getting confused by that and accidently trading out at a loss when you may be mistaken in thinking that you are trading at a profit.
Anyone with questions are welcome to either pose them on the Forum or directly message me and I will help as much as I can but remember always Do Your Own Due Dilligence.
Best Regards
Q
- Long on HEXO