Dear Hydro, are you selling or buying?You have lots of shareholder money in the bank ($275,000,000 range) could be more with next round of warrants being excersized at $5.50, signed LOI for millions with the Quebec Government, but no major news since end of January....so what gives????
I still believe Hydro is focused on selling the company as is instead of growing it further and that is why no major news for International expansion, a JV with someone else like MARI/ABCN/CRON/LEAF or buying another strategic company.
I know you have cut down some trees but until I see walls going up on your 1mill foot expansion I think somebody buys Hydro and shelves the future 1mill square foot expansion just like Aphria did with NUU deal and puts the cash to work on their other projects. This way they get the cash in the bank, use the 300,000 square feet that is sold out already and then spread the growth across their other facilities. That profit from MOU will provide significant cashflow to other companies next year.
So the question is who is in a position to buy Hydro and would want a strategic asset in Quebec with low cost production? Aphria is busy digesting NUU, Aurora is busy digesting CMED, so that leaves Canopy or Cronos, and maybe CBW who could maybe pull this off??
I think Canopy will be the buyer but would not bet against Terry Booth at ACB either....
Time will tell if they grow organically or sell, but looks to me like a sale is what they want....