TSXV:EVE.H - Post by User
Comment by
cannveston Oct 29, 2019 4:40pm
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Post# 30283478
RE:Over supply Over supply Over supply
RE:Over supply Over supply Over supply Visionist wrote: This is going nowhere fast and faster !
In an effort to “rightsize its operations,” Hexo also said it is suspending cultivation at its Niagara facility, which the Quebec producer acquired as part of the CA$263 millionNewstrike deal earlier this year.
Production has also been suspended in the company’s 200,000-square-foot main facility in Gatineau, Quebec.
“The company determined that this cultivation space is not required at this time given the current market conditions in Canada,” Hexo said in a regulatory filing alongside its earnings.
Last week, Hexo announced a workforce reduction of about 200 jobs, representing 20% of the Quebec-based company’s workforce.
Cool story bro, go share that on the hexo board and see your a$$ out of here...buzz buzz.