Share Count? Give me a breakYou might recall that Hexo's share count was 600+ million - and that their share price was around .15 cents.
In order to
1. meet the Nasdaq listing requirement of $1.00
2. to meet the KAOS back stop financing covenant (a min. share price of .30 cents)
HEXO DID A 14-1 REVERSE SPLIT - resulting in a current share count of around 43 million.
NOW, Hexo longs brag about the low share count? And proudly proclaim that it's among the lowest in the sector? Well, of course it is - THEY JUST DID A 14-1 REVERSE SPLIT.
Seriously?
But as for their claim, lets actually look at share counts, what they look like before and after a 14-1 reverse split::
Before After a 14-1 split
ACB 300 million 21 million
WEED 480 34
Hexo 600 43
Tilray 615 44
OGI 314 22
Village Farms 110 8
and some US LPs
Curaleaf 624 million 45 million
Cresco 281 20
Ayr 61 4
Jushi 117 8
Terrascend 259 19
As you can see - do the math yourself if you like, Hexo would actually have one of the HIGHEST share counts if all companies did a 14-1 reverse split
Why don't they?
Other than OGI - who's received the same NASDAQ defciency notice that Hexo did - none of them HAVE TO. They aren't pos near bankrupt companies!
'Longs' and 'promoters' on this Board are eiterh deliberaltey misleading - or they simply don't undersatnd what they're posting. It's probably a mix of both - ignorant of facts or ignorant to other readers on this board.