RE:Bashers = Price going up?quinlash wrote: Negative price targets = Higher daily price ?
Is that a buy on bashing move or something else ?
I have no intention of jumping ship on this one, likely holding much more than half my shares going into 2022, I would suspect. We should have (at minimum) a timeline on US legalization by then, resulting in more interest in cannabis stocks. More progress and news on HEXO's Colorado facility, of course we will have Zenabis, 48-North and Redecan on-boarded by then and all of their sales figures wrapping up under HEXO. HEXO could very well be seen as the sector leader at that point and any news articles coming out would be comparing other Cannabis plays to HEXO rather than Canopy Growth.
I'm locked, loaded, and ready to ride the HEXO-Train, through thick and thin
JMHO
Q
Ya sure quite simple isn't it?.Hexo is to pay Redecan $400 million in cash, they only raised $360 million so the remainder comes from cash on hand. Retrofitting Colorado is years away and at a price tag of what $70 million and then will have to get product to market and gain market share. Easy to see Hexo will have to raise more money in the form of dilution near term likley another $200-400 million. Add that to your rationale and you can see that this stock hasn't and likey isn't going anywhere. If the Redecan deal was so shlt hot why isn't the price $15, because analyst know better that the pumptards on this board.