RE:HEXO Using HEMP CBD in Coloradoquinlash - (3/27/2021 12:57:34 PM)
HEXO Using HEMP CBD in Colorado As per the company news release in 2020 HEXO will be working with Molson Coors to develop drinks in the US using hemp derived CBD, this will be sourced locally so no need for the company to invest in greenhouses etc therefore avoiding additional expenses to support the US expansio
Link to Company News Release (2020)
https://www.businesswire.com/news/home/20200415005395/en/Molson-Coors-HEXO-Corp-Expand-Partnership-Joint
Classic Queenlash
1.post a one year old irrelevant story
2.have no idea that what he posts is actually a negtaive statement on Hexo
2.add a 1 year old, non relevent news release to impress the Quintents - who'll just assume it's good because they're too lazy to actually look it up and read it
The problem Quin doesn't see if that if the hemp product is purchased locally - it means they have to pay someone for it, who will naturally add a markup to their cost.
Add the cost of that product, inconsistent quality issues, supply and delivery - to the labor, packaging, storage and shipping expenses Truss CBD will pay ..... all you're left with is a minority perctange of any proft - if there is a proft.
This is exactly why you need to be vertically integrated - plant your own, control production, quality and expense, ship as required according to your own scheduled requirements. There is no additional markup, which means lower Cost of Goods, wider gross profit.
And per Quin's post - he thinks it's better to buy product because they won't have to build their own greenhouse? Hemp is easily grown outside with perfectly satisfactory quality - Village Farms, Aleafia and many otehrs both grow hemp both in and outdoors.
For every $10,000 gross revenue - Truss USA CBD might profit $1,000. At the end of the day, Hexo's share will be $400 - revenue and cash they'll never actually see as it will stay in the company. (until such time as Hexo decides to sell it's 40% share to Molson)
jdssdj knows this of course, but queenlash and the Quintets don't. Except for stockmonster who does quality research.