RE:Ability to continue operation?Preliminary numbers for upcoming qtr report indicate a qtr over qtr increase in sales of 23%. Hexo also began their cost cutting well ahead of other LPs. We can expect one time expenses to have occurred due to the R&D and costs associated with the rollout of infused drinks and edibles. Edibles and infused drinks are expected to be rolled out in March. Sales maybe online with the virus panic etc however sales of MJ is spiking as a result of the virus as well. If anyone did some digging they would realize that most companies only target yearly growth of 10 to 15% so the numbers being reported are stunning. The challenge here is that no one seems to be recognizing exactly how strong the growth numbers are. Concerns on operation relate to cash flow out stripping burn rate while the sector waits for more channels to market coming online. More stores will open and the U.S. seems to be heading towards legalization at least on a medical level. If investors were not so emotional in this sector the price would hold a much higher high. Unfortunately we see investors mess their pants and hit sell on the slightest bit of bad news. We likely lost investors last week at the sub 60 level who are now watching in disbelief of the recent run. The good news is that some of the shares sold likely went to investors who averaged down on the low and new investors who will hold better and panic less, bringing in a more support for the sp going forward Q
mbanx wrote: BMO and AltaCorp Capital have been suggesting since Tuesday that the title of Outaouais pot producer Hexo be dropped. These suggestions came in the wake of announcements made by Hexo earlier this week that cast doubt on the company's ability to eventually continue operations.