The market doesn't seem to realize that Xebec has a silent partner

The Provincial government

Xebec is tight there through their partnership with the Fonds.

If anyone thinks that the government of Quebec would let Xebec struggle, they're woefully mistaken.

Quite the contrary. The government of Quebec will do everything it can to ensure Xebec not only succeeds, but prospers.
They don't just want it to survive, they want it to thrive.
On the world stage.
It's a home-grown success story.

It's a win win win.

It's a good use of taxpayer money.
It signals a commitment to Quebec's climate change goals.
It employs many Quebecers, and will likely employ many more.
It's just good business.

Quebec protects its own.

Remember Xebec identified 800 potential sites for Boo in Quebec alone?

What would happen if the provincial government-subsidized Biostream purchases by farmers in Quebec through either grants or provincial tax credits?

What would happen if Hydro Quebec injected a couple hundred million into Xebec like they did $600 million with Innergex, another Quebec-based company?

The government of Quebec owns Hydro Quebec.