georgeNOTsoros wrote: Hi everybody,
Today I would like to share my unbiased opinion on Hexo... and I do it without intent to pump or dump this stock;
and to be honest, know that any amount of pumping or dumping that happens on this bulletinboard has very little, if any, effect on the stock price.
This board is primarily intended for peers to share information, content, and opinions...
and this is my opinion.
I do own a few shares in Hexo and although I'm currently underwater, it's not by too much.
I saw this company as an opportunity and that's why I invested in it.
I liked this company because it has a guaranteed contract with the Quebec government, so whether their products are popular or not, by the time the 5 years are up, they will have figured things out.
Their valuations are great, but then they have to be, because of the extra risk of being localized to the Quebec market and not quite a national company.
It's of course nice that they have the security blanket of the province showing preference to Quebec companies, regardless of merit of course, but then, that does tend to stigmatize their products when sellilng to non-Quebecers.
I in fact, broke my own personal rule of investing by investing in this company; not because it's localized to one province, but because it's a Quebec company dealing primarily in Quebec, and I have until now, refused to invest even $1 in Quebec.
Justin Trudeau and his Bombardier handouts hasn't helped either.
I'm sorry I'm in this stock.
I don't like the political attitude in Quebec, nor do I like their protectionist nature when it comes to the rest of Canada or USA.
You just try coming from New England through the Quebec border with some Vermont maple syrup or honey, and see how you get treated by the customs agent... you get treated worse than any of the unverified refugees that Trudeau allows into this country.
My future plans?
First, I fully intend to try out their Elixir Spray, it has great reviews, is a great idea, and I would prefer not to puff.
Also,
I have no intention of waiting until Hexo gets their Molsons brew up and running; and I'm not interested in staying until they start growing CBD in Europe either.
Eventually, the price will go up a little to where I can get out at a small profit, and then I'm not looking back.
Had they picked up the whole 2 million square feet in Belleville, and used most of it for a second grow operation, it might have helped.
Maybe I'll get lucky and some big fish will buy this company out?
It's not a bad value, but it's not for me I've realized.
That's it, and good luck to all.
Cheers,
G