GREY:ALEAF - Post by User
Post by
sthineion Nov 03, 2021 8:57am
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Post# 34081218
Hexo is going to have to announce some cuts in order to
Hexo is going to have to announce some cuts in order to
survive. THey need to significantly cut capex. It is a situation pretty much industry wide in Canada. Tilray dong OK because they have such a strong position internationally and in medical market. It is aleafs saving grace that they do not have ridiculous amounts of debt. Issue is they need to ramp up sales and not sales at .48/gram as they did last year.
If they could announce an expansion of their parnership with Bullridr into the recreatonal market and be the deicated supplier that would be a good headline, then couple that with EU GMP certification they will be on their way. On their way to line themselves up for a sale at maybe $300 million debt included. So maybe $240 million for the outstanding shares. Perhaps .75 Cdn. I think to expect much more than that is dreaming.