What many are not giving thought to!PricewaterhouseCoopers LLP said its recent review of the Ottawa-based cannabis business showed that Hexo "did not maintain, in all material respects, effective internal control over financial reporting" and several factors "raise substantial doubt about its ability to continue as a going concern."
These highlighted words will certainly attract the attention of the SEC and will virtually force them to investigate the accuracy of financial reporting by Hexo. Watch for any sign of re-reporting of financials and or any indication that the SEC is investigating. They will also want to know what the several factors are that lead the auditors to raise substatial doubt in Hexo"s ability to continue as a going concern. Be very careful on buying Hexo based on share price as many have learned that averaging down has only lead to further destruction of their capital.