RE:RE:RE:RE:RE:RE:RE:4 Canadian Stocks With the Highest Short Interest % Because it's not that simple for Hexo.
1) The Gatineau greenhouse facility is a former tomato greenhouse with low ceilings not conducive towards the propagation of Cannabis. Just go on the sqdc website and you will see that most of Hexo's products are 1oz bag with low THC flower being sold in bulk.
2) all other facilities are retrofits and not purpose built with environments dedicated towards growing. Even if the wanted to build one, it would cost $50-60M in cash + 2 years to license and produce. Meanwhile, getting access to Atholville gives you 20% THC right away just by issuing paper. (Atholville is a retrofit as well, but at least is producing descent stuff).
3) again, stop reading the headlines. Even if Zenabis says they're focused on a value line , they're still producing better stuff than Hexo. Hexo can't produce high quality en masse, and has to rely on bulk purchases from smaller LPs.