RE:HEXO - Afterhours - Close at $5.52 USD / $6.90 CDNquinlash - (4/16/2021 10:12:58 PM)
HEXO - Afterhours - Close at $5.52 USD / $6.90 CDN In afterhours the stock closed out at the same price it finished up in regular hours, $5.52 USD / $6.90 CDN. Volume was low on the session with under 20k shares traded.
Link to After Hours Pricing on NYSE to confirm the above statement.
https://www.marketwatch.com/investing/Stock/HEXO
Hopefully we get some great news out of HEXO in the next week or two as to how HEXO plans to expand into the US with products other than drinks. As a note to new investors, HEXO already has expanded into the states with drinks through the HEXO / Molson JV - TrussCBDusa.
As a factual note to new investors - Truss CBD USA LLC is a stand alone company, with it's own board and management. It operates independent of either Molson-Coors or Hexo Canada and will file separate financial statements.
Molson-Coors is the majority owner, with Hexo owning a minor 10% (unlike Truss Canada of which Hexo owns approx 42%).
If posters like Queenlash want to continue this nonsense that Hexo Canada operates in the U.S. (which the Hexo CEO has denied in their own MD&A), perhaps he can offer some sort of concrete evidence of that.
Will Hexo Canada's revenue and expenses on it's next quarterly financials include their portion of Truss CBD USA's sales? Of course not - it's a separate legal entity that will report it's own financials in the U.S.
Note to new investors - do not take any statement by queelash as factual. Do your own DD.