BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST > HEXO: Checking all the Boxes

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Comment by quinlashon Jul 03, 2020 10:20am

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Post# 31220240

RE:RE:HEXO: Checking all the Boxes

HEXO showed a 30% increase in sales during the last QTR. Last QTR covered Feb/Mar/April. These were peak months of the virus. During this time many of the stores in Ontario were closed for some peiod of time. Despite this HEXO showed in increase to 30% growth in Sales compared to it's previous QTR report that showed a 17% increase in sales.

HEXO CEO SSL was also questioned regarding the need for HEXO to see new store opening in order to achieve it's objective of becoming EBIDTA positive in Calendar year 2020. When answering SSL indicated that HEXO was forecasting it's EBDITA postive date based on current store counts and was not going to count on the government to do what it as promised (good move IMHO.. bloody gov promises...). So, with that said, HEXO is being conservative in it's estimates to become EBIDTA postive. With any additional stores opening over and aboved what is already out there, HEXO can be reasonabliy expected to turn EBIDTA positive in the earlier portion of the timeframe targetted by HEXO.

HEXO is called to be EBIDTA positive in first half of it's fiscal year 2021. That would be 6 months starting 2021 Q1. HEXO 2021 Fiscal Year Begins Aug 1, 2020. Six months out brings it to Jan 2021. If HEXO comes in early on that (due to additional stores coming online, or incremental sales through the U.S. based J.V announced in April).

HEXO could be postive, or very close, in next the QTR report.

Q

Quietinvestor wrote: That all might come to pass; however, retail stores are not opening as quickly across Ontario which means 2.0 sales and revenues of edibles may not mnaterilize for a while As noted by SSL in one of his interviews, he not only wants to have 20% of market share acoross Canada, but also needs it to make the HEXO business model work. That, if it occurs, will take some time - years, it ever.

Your posts about HEXO SP never speak or factor in external market factors into what is happenining with HEXO.

The sign of a novice trader.

Readers should take note and be aware of the limited view you have on the HEXO SP, before they take any action.

GLTA