RE:RE:Hexo leo101 wrote: truthseeker1 wrote: we need to bear in mind HEXO has a long journey ahead before we ever see any net profits
Having 81 million in inventory is a bad deal show,s us that there is still a huge surplus in Canada and the black Market is still eating our lunch
and don't forget about the home growers. after a few years they're getting their ph levels and light cycles figured out.
If HEXO was not selling a ton of product as well as drinks then they would not need to purchase Zenabis and acquire more growing space. Whatever inventory they have on-hand is going to be sold, sold at a 40% margin and contribute to another gain in sales on the next QTR report. The next QTR report is expected to be the CASH FLOW POSITIVE REPORT
Regarding homegrowers working out their issues over the next few years? Who cares ? They are not who is buying HEXO products and if they want to mix up cannabis infused drinks in their bathtubs then they can, I'm not invested in DIY Cannabis producers, I have invested in a Company I can buy shares in and one that is poised to be a top 3 player in Canada.