HEXO Equities Warrants Exp 2 Apr 2024 T.HEXO.W.A

RE:HEXO with a PS-Ratio of 20

[quinlash]

Dog,

Your earlier position on PS-Ratio was that anything over 4 was too high however the list of Cannabis companies you present have 7 out of 11 companies trading well over a ratio of 4 with at least 2 of the companies trading under a PS-Ratio of 4 being the two that were close to bankrupcy.

PS-Ratio is sector specific, if you look at the bigger / more popular names you can pick out whichever one you like as a comparible stock to model against.  Canopy, being very popular and having a very similar business model as HEXO, is the one I consider the best comparison to HEXO, pick another one if you like.

Go back and see when the last time Canopy Growth traded under a PS-Ratio of 10, then seriously ask yourself if you think Canopy was overvalued in 2020 when the entire Cannabis sector pulled back hard on the C-19 downtrend.  Also consider that it traded over  PS-Ratio of 50 in 2021,

SunDial is looking down the throat of a major RS to address their listing requirements and it has a PS-Ratio of 29.8... ?? Come on, give me a break

It's obvious, the short-sellers onn HEXO are sitting on a compressed spring pending launch.

Q