RE:RE:RE:Saw this coming a mile away. Hexo is going to need capitalScruffman....I was thinking the same thing????....I’m thinking that sotypical just misread your post or didn’t realize that you were supporting the possibility that the move to NYSE American would be a positive....maybe I’m wrong.
To the JV posting...there obviously is still a tremendous amount of confusion on how this and any JV is structured. Hexo shareholders....please contact IR and then google JOINT VENTURE responsibilities. Bear with me. In its simplest terms, with NO ABSOLUTE details on the TRUSS deal other than ownership % , ....53%-47%...that means HEXO will receive 47% of the profits from the JV...but HEXO is also responsible for 47% of the associated CAPITAL COSTS to fund this new company. This is NOT HEXO supplying the budd and Molson/Coors takes on everything else.
We as investors and shareholders must ask question of the leadership at every turn to protect our capital and be able to make sound, informed decisions.
All JV’s are subject to the provisions of that contract. There are positives to the “hub and spoke” JV business plan that SSL has explained in past interviews. I personally prefer to have my partners to have “skin in my game” through an equity investment.