RE:zenabisvulcan123456789 - (8/14/2021 10:12:42 AM)
zenabis
positive earnings per share.. some research into them will show the benefit of the merger for hexo.. when these mergers are complete and adding to sales we will not be sitting at 4 plus dollars.. hold tight jmho cheers
"Some reseacrh into them" will show a Net loss of $70 million for their YE2020 on annual sales of $59 million.
Last quarter reported prior to the acquisition closing dropped to $12 million.
The short and long term debt they'll bring totals $ 125 million - along with an inventory of $60 million. Coupled with Hexo's inventory of $75 million and 48N's inventory of phk all - Hexo will be writing off a significant amount adding more to their bottom line loss.
Zena folded because they coudln't generate postive cash flow and service their debt - nothing will have changed with the acquistion because Hexo can't either.
Hexo investors should probably be happy if the share price is at $4. after audited year end financials are out.
Idiot - you're a lying phkn idiot