Hexo is shrinking!So the below is taken from todays oress release annoucning approval of all motions.
I found it interesting that there's no mention of Truss Canada - so I presume, Truss Canada has received it's sales licence and will now operate as a stand alone company. Hexo will no longer report Truss revenues. (it wasnt much anyway)
I also note the only two international sales reported are Malta and Isreal - Malta of course is where Zenpharm is and recently approved medical sales for the country - of about 800,000 people. Isreal sales are apparently high margin - but very 'spotty' at best, which ahs been reflected in past reporting.
Other than Colorado - 42.5% ownership of Truss USA with virtually no revenue - there's no mention of California, Germany, Australia, South Africa, Vietnam, Poland, Mexico, the USA, or anywhere else, which I'm sure wont stop Todd from PoW or the local pumptards from saying Hexo is expanding operations in all those locations.
When will they announce the reverse split number - sooner than later, which I think would actually be a positive. Short term pain - long term gain, one step in getting their act together
About HEXO
HEXO is an award-winning licensed producer of innovative products for the global cannabis market. HEXO serves the Canadian recreational market with a brand portfolio including HEXO, Redecan, UP Cannabis, Namaste Original Stash, 48North, Trail Mix, Bake Sale, REUP and Latitude brands, and the medical market in Canada, Israel and Malta. The Company also serves the Colorado market through its Powered by HEXO® strategy and Truss CBD USA, a joint venture with Molson-Coors. With the completion of HEXO's recent acquisitions of Redecan and 48North, HEXO is a leading cannabis products company in Canada by recreational market share. For more information, please visit hexocorp.com.