BLACKROCK Municipal Income TRUST V.BFK.P

RE:RE:RE:RE:Hexo has to pay another $116 million for redecan?

[Keeler]

quinlash - (9/25/2021 2:16:19 PM)
RE:RE:RE:Hexo has to pay another $116 million for redecan?

Not seeing it, the deal clearly stated the cash portion as being $400 million.  The cash transfers to Zenabis and 48-north were simply to cover the cost of salary's, bill payments etc until HEXO finished acquiring them and bringing them over under HEXO.  Don't forget, HEXO picked Zenabis and 48-North during a fire sale as both those company's were very cash strapped, hense the discounted prices to pick them up.

Any money sent to Zenabis and 48-North can be viewed as internal transfers considering they are all part of HEXO now.

TrendSwapper wrote:Where are you getting this info from exactly?

quinlash - (9/25/2021 2:16:19 PM)
RE:RE:RE:Hexo has to pay another $116 million for redecan?

Not seeing it, the deal clearly stated the cash portion as being $400 million.  The cash transfers to Zenabis and 48-north were simply to cover the cost of salary's, bill payments etc until HEXO finished acquiring them and bringing them over under HEXO.  Don't forget, HEXO picked Zenabis and 48-North during a fire sale as both those company's were very cash strapped, hense the discounted prices to pick them up.

Any money sent to Zenabis and 48-North can be viewed as internal transfers considering they are all part of HEXO now.

TrendSwapper wrote:Where are you getting this info from exactly?

 

Internal Transfers?
Sweet Jesus you're a moron.

They were additional expenses paid by Hexo on Zena and 47N behalf. An expense is an expense. So what Hexo shouldrealyy have said is theat they were buying 48N for $50 million plus lending them $5 million to pay their bills and keep the doors open.

Either way - Hexo put out $55 million cash - call it a turd if you like, Hexo still ahda cash outlay of $55 million that they wouldnt have had if SSL the Idiot wouldnt have bought 48North..