TSX:HEXO.W.A - Post by User
Comment by
AvInvestoron Apr 25, 2021 10:41pm
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Post# 33064788
RE:RE:RE:RE:RE:4 Canadian Stocks With the Highest Short Interest %
RE:RE:RE:RE:RE:4 Canadian Stocks With the Highest Short Interest % In Hexo's case - check the financials. Yes, NET sales increased slightly from $29 million in Q1 to $32 million at Q2/Dec 31 - but inventory went from $75 million to $82 million for the same period.
Hexo sales are not keeping up - they're growing too much.
So what does Hexo do - go buy Zenabis.
You still don't get it. Hexo is growing poor quality mid THC that is not selling. That's why their sales are not keeping up with inventory. Atholville is at least producing descent stuff.
It's all in the numbers. Listen to the consumers and not the headlines. Very few consumers like Hexo.