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BLACKROCK Municipal Income TRUST > HEXO has a significant agreement to sell product to SQDC

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Comment by quinlashon Sep 04, 2020 12:10pm

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Post# 31510600

RE:HEXO has a significant agreement to sell product to SQDC

HEXO has a new supply agreement with Israel where they have already supplied 493 Kg of product. The reported average selling price per gram in the last QTR report was $3.64 per gram.

493kg x 1000g / Kg = 493,000 g x $3.64 per gram = $1,794,520

This is for the one reported sale to Israel, we have yet to be informed of additional shipments being made under the supply agreement

Reference Links

Isreal Supply Agreement
https://thedeepdive.ca/hexo-corp-establishes-supply-agreement-with-israel-based-breath-of-life/

HEXO 2020 Q3 QTR Report (see bottom page for selling price table)
https://staticproduction.s3.amazonaws.com/financial-statements/2020/Q3/Q3+FY20+FS+FINAL.pdf

Jefe127 wrote: SQDC: "Expressed in volume, sales totaled 18,922 kilograms, three times more than the amount sold last year. Of the two million transactions recorded, the SQDC obtained an average price per gram of $ 6.67. "

Question: Did the SQDC possibly catch up and buy the product they weren't able to use/sell last year - afterall it was a release of hard agreement rules based on the future revenue of the agreement - is it 5 years with first right of refusal to renew with SQDC thereafter?

Question: How much did HEXO get from Israel for product this last quarter?

.....just wondering ;)