I'm starting to think Hexo might be a bad investmentthey get rid of SSL, the Visionary founder.
They pay some First Nation gentlemen $400 million and 30% of the company to take them over
Apprently there's an ongoing investigation into Hexo's possible CONNECTIONS WITH THE HELL'S ANGELS
They sell their 35% ownership of 2 million sq ft Belliville for $10 million - TO A BOARD MEMBER - after putting 100s millions into renovating it
They sell 40% of the company to Tilray for $200 million - kess than a year after paying $1.5 BILLION to buy idle and closed facilities
They have to sell their 42.5 % ownership of money loser (or 'looser' as the pumptards spell it) after writing off $28 million of losses at last year end.
Scott Cooper returns to Molson and Peter Montour (tobacco and marijauna importer) becomes CEO
Quarterly financials out next week - revenue drops to $50 million (despite quintard saying it will be $125 million with the combined comapnies), no positive ebitda, no positive cash flow
reverse split - dilutes investors value
more shares issued
new financing at 38% interest rate
More employee layoffs
Bonus cheques issued for senior management
SSL 5% of GROSS SALES issued for YE 2021
Trent McDuck, the 5 CFO in 3 years leaves - search is on for 6th CFO in 3 years (but who wants THAT job)
slowvinny, the greasy pizza maker sells out
queerbec cant figure out the math
queentard hates Adam Arviv - but now kisses the ring of Hexo's saviour
"Things are looking up" ......newdirtyoldtimer