HEXO Needs to Make Changes to be a leader.....Mr. St. Louis and Adam Miron had a great vision. They are entrepeneur's and brought Hexo to be a Billion $$$++ company. My hat is off to them for the early part of the journey.
As a shareholder though since about May I have been very underwhelemd with HEXO perforrnace and based on the current share price/market cap I am obviously not the only one. They lack of experince in running a company of this size and promoting themselves in the public markets is now costing themselves and their shareholders money.
SSL lacks what it takes to be the CEO of a leading public company in this space and i have no belief that he can be make this company a market leader (Top 2 in the space that he often mentions he dreams about). He has been practically invisbile that last several months while the stock price continues to sink, their lack of press or marketing is head scratching let alone the non-existance of keeping sharehodlers infomed is inexcusable.
100% I think he should remain as a member of the senior management team for the company but just like over at Uber, they brought in a top notch guy with experience of leading an International category leading company like Expedia to oversee the ship. that move alone brought in more invesment for Uber and confidence that they can be a global leader.
SSL has made it very clear he is looking for the easy way out and quick payday by selling the company. Welll then bring on a sale and let's all get paid. if no deal is happening please Mr. SSL step up and do a better job for your shareholders byt hiring someone with more experince to run this company so that it can achieve the potential us shareholders believe it has.
just my 2 cents of course but unless something changes in early 2019 I thnk there will be better returns to be made elsewhere.
I understand some folks may not agree with my view, but just look at the deal done today by Cronos and Altria vs where HEXO is at with Molson Coors.........different leagues