HEXO NOT PROFITABLE "IN THE FORESEEABLE FUTURE - SAYS HEXO Divideds are paid when companies are profitable over a period in time. From SEDAR yesterday. Forseeable future - 5 years?
NOT PAYING A DIVIDEND FOR FORSEEABLE FUTURE - PAGE 14 SEDAR
DIVIDENDS HEXO has never paid any dividends on its Common Shares. HEXO does not intend to pay any dividends on the Common Shares in the foreseeable future. In addition, HEXO is restricted from paying dividends pursuant to certain solvency tests prescribed by applicable corporate law and is currently subject to contractual restrictions on the payment of dividends under its secured credit facility and, if there is any event of default thereunder, its outstanding convertible unsecured debentures