SSL says "Canadian deals are meaningless"How does this guy get $11 million a year plus 5% of GROSS sales?
Not a lot of incentive to get the bottom line to profit (for the investors), as long as you run up sales - it's cash in SSL's bank account so who cares.
How many months before he sells one of the Zena facilities?
HEXO IS IN TALKS FOR MORE M&A DEALS
Last month, Hexo announced plans to buy Zenabis in a $235 million all-stock deal. St-Louis said he continues to participate in M&A discussions with other cannabis companies.
"It's a little-known secret in the industry, but just about every CEO rings me every once in a while to say, 'Hey, what are you thinking on M&A? Can we join forces with HEXO?' Because they see the fundamentals, and there's a disconnect between the fundamentals and our value of the stock at the moment," he said on the call.
St-Louis is prioritizing opportunities that expand HEXO’s reach, calling Canada-only partnerships “meaningless.” HEXO’s Truss beverage arm is active in the United States, selling CBD-infused drinks in Colorado grocery stores. The plan is to introduce THC-based beverages if the U.S. reforms its federal cannabis laws.