RE:RE:$ 81,000,000 00 inventory. quinlash wrote: You you rather they did not have any inventory to meet demand? What number would you prefer to see?
Every business needs inventory if they expect to have something to sell... basic business.
I did not see anything in the presentation to indicate exactly what their forecasted demand will be however I did see that sales are increasing so it is resonable to expect they need cannabis on hand to meet that demand.
What they have on hand is going to be sold at a profit. Take that to the bank.
Q
Spectra7 wrote:
it would be nice if SSL had shed some light on why Hexo needs additional capacity ( Zen ) when the reality is they MIGHT be writing down some or all of this excess??? Cheers S7
" Q "... to answer your question...I don't know what the correct amount of inventory is. That being said, our questions will be answered with the next Q results. There will be additional write downs in inventory. Speaking of " bankable " statements...it seems at this point the market cares very little for Hexo's EBITDA positive results today.