RE:Get past the dramaEverybody overbuilt. They all wanted to be the biggest producer at the lowest cost. Guess what, they cant lower their costs that much since all the buildings are built and equipments installed. Nobody wants to buy the greenhouses because there is excess capacity. So youre stuck with idling equipments/building generating negative cashflows. They are like oil companies right now. They have to produce, even at a hugeeeee loss. Stop day dreaming and wake up to reality. It was a big bubble it popped, youll never those valuations ever again.
Greenshooes wrote: The score: 85 mil operations = 24 mil revenue growing
Hexo needs to get these numbers closer..while continuing acting as a emerging packaged goods company in a growing industry