RE:RE:RE:RE:HEXO acquires interest in 2M sq. ft. facility in Belleville HEXO isn't in the real estate business. As a long term holder I'm happy they didn't buy the building themselves. What a waste of cash. This way they get the space they need, get some money from the lease (500,000 square feet) and they can spend the money they saved on R&D or on more important things, at the very least greenhouses that aren't retrofitted, which is one of the reasons HEXO is doing well.
MomentumMan wrote: I don't see why HEXO couldn't do this on their own. I don't see any value add with this odd route they choose involving another party. Appears like a golden handshake. The NR didn't include any clarity as to why they went this route. Got out of 50% of my holding on Friday morning and bought back mid afternoon for 60 cents cheaper. I don't expect I will get the reload today might be tomorrow or the next and if I am wrong it becomes money to redeploy elsewhere. Nothing wrong with taking a profit. If I am right I will be one of the guy's providing support at a lower level. Someone has to be down there...
As I have said before holding long term on this you will do well. I am just playing it differently. 50% trading in and out and holding the other 50% long. Nothing wrong with that.
momo
Spectra7 wrote: Momo....not only a director...but also one of the largest, private shareholders. I have no problem keeping the $$$ all in the family. I understand and respect your actions...time will tell if it was the right move.