Still asking Keeler - (7/11/2021 10:38:32 PM) Who expands organically as required and controls their inventory before makingflashy, expensive acquisitions they don't need?
Not Hexo
So, in round numbers - Hexo's own facilities were about 1 million sq ft of grow/production area(?) of which they're currently planting about 50%.
Even at that - Hexo was not selling everything it grows - this teh inventory ballooning to $95 million.
Zena also has about 1 million sq ft of available production area - but only plant about 50%. Zena will bring about $65 million in inventory (along with $125 million in debt) to the party.
48North has about ....... phk all in production area - and was buying product from other growers to make their 'premium' products (like cosmemtics) hahahahahhaha
Redecan has - who phkn knows
The point being, why wouldnt Hexo just grow internally and use up their existing production area that sitting idle, rather than spend a $1.5 billion for additional space that they won't be able to plant out?