Hexo..Redecan, Zenabis and 48 north...and then AH!When you look at the numbers, Hexo paid 1.2 Billion in takeovers for an increase of 14.7 Million in sales after they acquired 3 companies. This explains why Sebastien St.Louis was ousted for over leveraging the company he was running!
Correct me if I am wrong, Did we not have over 10 Million in sales last quarter and heading for a bigger numbers this quarter..and with a Market cap of only 40 Million?
Why do I have a feeling that Benic and his team are actually running a legitimate business that will actually do well in the next few years?
What the heck is going on with the Cannabis industry! SAD!
In the quarter ended Oct. 31, 2021, Hexo said in a news release, its acquisitions of rival cannabis producers Redecan and 48North added CA$14.7 million in sales.
https://mjbizdaily.com/hexo-promises-consumer-first-strategy-after-reporting-ca117-million-loss/