RE:Moving forward . . .Possible but they already have a solution for drinks in Colorado, I would be betting on an edibles play so some sort of cookie or snack bar production facility
JMHO
Lappy001 wrote: Rumor on another forum is that HEXO may be purchasing the old Coors HQ in Colorado. If this is the case, well, it is a sign of a healthy and on-going business collaboration between Molson-Coors and HEXO (. . . )
As for the ATM equity program ($150m CND), it is needed and was expected for the U.S. capital expenditure, to pay off at least part of the Zenabis debt (high interest rate), for on-going development of the Belleville facility (new CPG partners), as well as potential future M&As in the Canadian space as consolidation of the cannabis industry continues.
I don't like dilution either, but in the case at hand, it is not to "pay the rent" but rather to grow the company into a profitable business giant . . .