RE:what happen to not going to market? I am not sure how you expect a company to expand without some form of LOC support. Every company borrows to some extent. Any cash they have on hand is for operations purposes, to keep the lights on.
The news release is obviously stating that they are looking for M&A and partnership agreements. that isnt free. It will cost money. Considering the fact that these guys, along with every other Cannibas company have seen the crash already in their evaluations from 2 years ago and considering HEXO is now reporting reasonable numbers, have solid business partners and are trading well below on P/S ratio, i dont see why they wouldnt be a good investment.
"active in M&A and are in ongoing discussions with potential non-beverage CPG partners " Danf88 wrote: Couldve swore a month ago SSL said they dont need to go to market as they have enough cash for years to come.
i underdtand they need capital to suceed in the US but why LIE to your investors and say your strategy isnt to jump into aquiring companies in the states if thats exactly where your gunna do now.
Its bs to do this now especially with a gap in shar prices. This is going to tank the stock price 20%+ maybe even 40% seeing the gap ... smh
i dunno how i can support this company ive been long hexo for a long time but damn. i have questions i ordered the Black iced tea and the can showed packaging from nov 2020 . i dont believe truss is selling fast enough regardless of being a market leader.
but hey Quin will tell you guys all the reassuring BS people want to hear rather than being honest about the negative things HEXO and ownerships clearly over paid asses are doing to its shareholders