So what would a full 3 months of Redecan contribute to Hexo's bottom line?
According to Hexo Q1 Financials, if Redecan had reported a full 3 months - Hexo's comprehensive Net Loss would have increased by $5.4 million.
Starting to think $1 billion for Redecan might have been at a premium.
From Page 16, Q1 Financial Statements
During the three months ended October 31, 2021, Redecan contributed net revenue of $13,574 and comprehensive net income attributed to shareholders of $3,450 to the Company’s consolidated results since the date of acquisition.
If the acquisition had occurred on August 1, 2021 management estimates that the Company’s consolidated net revenue would have increased by $6,787 and the comprehensive net loss would have increased by $5,425 for the three months ended October 31, 2021.