RE:BNN Video With HEXO CEOquinlash - (6/15/2021 9:08:40 AM)
BNN Video With HEXO CEO SSL let something slip. The new Colorado is currently licensed for THC, that must mean that it was a Cannabis production facility already. Ramping that up for HEXO production may not be too bad from a time and cost prespectitive in that case (vs starting from scratch)
If it was a cannabis production facility already - why would Hexo have to renovate it for $75-$100 million?
As for the licence - it's not the facility itself, the zoning of the area is approved for cannabis production (like most of Colorado).
If this is such a fantastic deal - 'expansion in the U.S.' - why won't Hexo even release the address and let investors take a look for themselves?
It's a 50,00 sq ft quonset - which at 1 lousy acre, is already too small for any sort of meaningful production. So why not just buy a real facility for say, $50 million?
I wonder.