Keeler wrote: Youre right, Hexo is a pos and both year and quarterly fianncials will be a disaster.I bought stickly because I thought there would be a short term bump in share price with the F200 partner bullsh*t. It was basically a day trade - there's no way I'd hold Hexo as an actual investment.
Of course, no announcement because SSL is an incompetent lying pos as well.
Im not sure there even is a deal with a F200 - SSL has proven to be a bald faced liar - but if there is, I think it'll be a no news, minor type - like Shoppers carrying a line of some new CBD product like hand cream. Pumptards of course will ignore the fact that Shoppers already deals with half a dozen cannabis cmpanies and carry a wide selection of cosmetics.
The other reason I bought is because it was a stupid investment decision, it happens.
With financials out in 5 weeks - debt, inventory, net loss - it's just going to get worse, because Hexo has no choice but to announce another financing.
Unless - they get smart and address the cash flow right now, close Langley and 48 and right size the operation. US has to be on hold until they stabilize. They also need SSL gone - that step alone would boost investment confidence 'bigly', just to use a snake oil salesman lingo.
VeritasVern - (9/18/2021 2:30:40 PM)
RE:Colorado Production Facility Thanks Keeler, just one question though, why did you buy back into this POS stock? Upcoming financials will be a train wreck with merged debt, closing costs and net operating loses. If so this tanks even more as it will be viewed as a bloated elephant. Keeler wrote:is the name of the vacant 45,000 sq ft warehouse in Fort Collins.
I checked again with the girl who works for the City of Fort Collins and Larimer County Building/Work Permits Dept.
No building permit application yet - geez I thought Truss beverages (currently produced by a third party) would be rolling out the one loading dock bay the warehouse has. I mean for $75 million in renovations, you'd think they'd started putting washrooms and SSLs office in.
The demilition permt phases have been completed, except for the Envorinmental Assessment - I told her that Hexo had achieved carbon neutrality and she said (and I quote) "who cares".
I guess this green thing doesnt work for environmental assessments.
Anyway - it's Permit B2105272 if you want to check it out, but the quonset sits empty and unused except for the 2 homeless guys who living in the pallet house they built in it.