TSX:HEXO.W.A - Post by User
Post by
quinlashon May 22, 2021 10:48am
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Post# 33253840
HEXO 2021 Q2 - Call Transcript
HEXO 2021 Q2 - Call TranscriptI would suggest everyone take a read over the last call transcript from the most recent QTR report. In the transcript the CEO and CFO talk about where they are in comparison to competitors regarding the top 2 / top 3 positions in the sector, they elude to US Expansion and other initiatives that they have followed through on.
It is noted that HEXO is only 1 Million Dollars away from the top 2 position in Canada based on sales. Since the call took place HEXO has successfully acquired Zenabis which will indeed bring HEXO well over the 1 Million Dollars in Sales required to take the #2 spot in Canada. HEXO has also established itself in the US through a Joint Venture with Molson Coors for the distribution of infused drinks and recently purchased a facility in Colorado which it will be retrofitting for the production of products to be sold through Multi-State-Operators (MSOs).
IMHO if investers are seeking a top player in the Cannabis sector and one which is expanding into the US and overseas, that have top selling products such as infused beverages, then HEXO is only one of 2 or 3 that can even be considered.
Link to 2021 Q2 Call Transcript
https://news.alphastreet.com/hexo-corp-hexo-q2-2021-earnings-call-transcript/