No press conference, no merger ????? Next ..Ok - internet Hood Robins, missed that one on a big merger? But .... with the company having a 100m cash in the bank - lots of expansion capacity, and a lineup of high THC that is the envy of the Vape world ... whats next?
Well, the shelf offering tells you they may be going the acquisition trail. If you read the recent Hexo press release ..
"Hexo Corp. has repositioned the Up Cannabis brand with a differentiator of 20 per cent tetrahydrocannabinol or higher in all dried flower products, every time."
Well ... folks and residents of Sherwood Forrest .... I have written here many times, that growing pot is easy ... growing good pot is very hard. The best at it is Sundial ... its why their Vapes are #1 in Ontario ... with no advertising at all!
So when you read the comment from Hexo - it tells you "hey dudes, we haven't been producing good pot, but we will in the future!" (now that we realize that is what you want dudes)
So then take it to Cronos, Tilray, Aurora, and Canopy .... they are so busy "blending their cheap stuff into edibles" .... kind of like selling canned gin and tonic.
The two in trouble are Cronos and Tilray. Cronos has money, and are waiting for something, not sure what ... and Tilray has debt out the wazoo ... and both have nothing, or virtually nothing in the ability to grow good pot. Either one of these two need to buy Supreme or Sundial ... to make their "S" crop grow"
The panic will begin shortly on getting a library of strains that make the cut - and Cannabis USA 1.0 will begin. But State regulations will bury the players, like it did in Canada .... and the rush will be on to buy a player that makes them into top 5 player.
= = = = Sundial