RE:Redecan - Barely Cash Flow PositiveKeeler wrote: If you refer to the Redecan Financials posted by Hexo on the Hexo SEDAR account - the Cash Flow Statement shows:
Balance, beginning of year $ 3,110,116
Balance, end of year $ 7,806,974
or positive cash flow of just under $5 million for the YEAR.
So historically, that's $1.25 million per quarter - a small cushion which can turn negative in pretty short order.
Given Hexo's quarterly cash burn - which can range from $20 million to $75 million PER QUARTER - how can CEO (who's been in the job all of 3 months) or any pumptard (known goofballs) on this Board suggest that Redecan will have Hexo 'cash flow postive' in the near future,.
Redecan's own sales - incuding prerolls - are losing market share, along with Hexo.
I feel sorry for the First Nation investors who fell for SSL's snake oil salesmanship.
If what you say is true, and it almost always is true.... Then Hexo share holders are in deep shlt going forward and the stock is already at a pathetic low of 80 cents.