BLACKROCK Municipal Income TRUST V.BFK.P

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BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST > Zenabis Releases Year end 2020 QTR Report

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Comment by ArnoldLayneon Apr 01, 2021 9:44am

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Post# 32921884

RE:RE:Zenabis Releases Year end 2020 QTR Report

Great numbers indeed. We're now halfway to 400M$ / year. And still 1B$ market cap. Strong buy, Hexo is flying high !! Glta

Touran77 wrote:
quinlash wrote:
Zenabis has released their QTR report numbers on schedule. Looks like HEXO scored a great deal on a company that is going to be contributing strong sales in the coming QTR reports.

Good Job HEXO !

Full Year 2020 Highlighted Financial Results

Consolidated net revenue increased 95% to $59.3 million from $30.4 million in 2019;

Gross margin before fair value changes to biological assets and inventories was $24.8 million or 41.8% of net revenue in 2020, compared to $13.7 million or 44.9% of net revenue in the prior year;

Consolidated Adjusted EBITDA for the year totaled $3.5 million, compared to negative $38.7 million in 2019;

Loss from operations of $2.3 million compared to $59.2 million in the prior year;

Consolidated net loss from continuing operations totaled $54.9 million or $0.10 per share, fully diluted, compared to $72.6 million or $0.30 per share, fully diluted, in 2019;

Consolidated net loss for 2020 totaled $70.5 million or $0.13 per share, fully diluted, compared to $127.0 million or $0.53 per share, fully diluted, in 2019;

Loans and borrowing decreased $88.2 million from $153.9 million to $65.7 million;

Net cash used in operations was $17.5 million compared to $78.6 million in 2019.

Link to Summary
https://markets.businessinsider.com/news/stocks/zenabis-announces-full-year-and-fourth-quarter-2020-financial-results-1030266871

Those sales numbers are great! Hexo increases quarterly sale by 50% with this acquisition and only diluted 12% of its shares. Way to go!
Improvement in EPS is the real surprise, good job :)!
Debts and net loss were already known. Bunch of accountants will fix that especially with consolidation/M&A ongoing.
I'd say that Hexo SH love those numbers as we can see in the premarket, but I'm not a dumb dumb like bashers, you cannot confirm that when the entire market is moving :).
GL everyone!