RE:RE:HEXO is partnered with Molson-Coors -> TWICEIf they were looking to pay bills etc the capitial raise would be a hell of a lot less than 1.2B, they can run for 36 years off that with current cash burn needs. The money is needed for something much bigger, IMHO, US Expansion, we will find out eventually. Personally i would like to see a surprise product line line beauty products or something but again, we will only know when the company discloses the information.
All the best
Q
Humanist wrote: i agree with you quinlash its nota con game. and as you said molson did their dd and as we all know they didn't over pay for it either like many other mergers and acquisitions in the sector.
however, my biggest fear ( ive been holding for 4 yrs) is when a company (any company) is in trouble financially/or need money) and i am not syaing hexo is in this position, the company's first priority is the survival of the company not their shareholders. so they'll do whatever they need to.
so what happenes in the near future & to us . (i guess to be seen)
glta