RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Those who think making prerolls is just ....What are housing prices like in Niagara, moron?
You posted that Hexo can sell off it's valuable assets and solve the debt issue - so how much do you think they'll get - based on your apparent knowledge of residential properties?
Clown Hexo completes sale of cannabis greenhouse acquired from Newstrike 
By
MJBizDaily Staff June 18, 2020 - Updated December 17, 2021
(This story has been updated to reflect that Hexo’s Niagara facility was sold to an undisclosed buyer.) Hexo Corp. completed the sale of the Niagara, Ontario-based cultivation facility it acquired as part of a
263 million Canadian dollar ($193 million) deal to buy Newstrike Brands last year.
The sale of the greenhouse to an undisclosed buyer fetched approximately CA$10.25 million.
Cultivation was suspended at the Niagara facility in late 2019 as part of a corporate downsizing push.
The decision to sell the facility was made in early March, according to Hexo.
A
news release attributed the decision to “an excess of cultivation capacity in the market and estimated forecast demand for cannabis products, as result of slower than expected market development.”
Hexo’s Canadian peers have also been abandoning costly cannabis greenhouses in recent months:
· Canopy Growth
recently closed two British Columbia greenhouses.
· Aurora Cannabis
sold an Ontario greenhouse at a discount.
· Tilray
closed an Ontario facility.
Hexo plans to put the proceeds from the sale towards expanding its facility in Belleville, Ontario, “and for working capital and other general corporate purposes.”
Hexo recently posted a second-quarter net loss of
CA$298.2 million