I don't think you can sue for incompetence or stupiditybut if you could,
Hexo bought Newstrike - and 6 months later closed the operation due to right sizing, writing off $298 million. They then sold the state of the art facility for a lousy $10 million. Of course, they realize that Newstrike was growing illegal cannabis - the $10 million all went to renovating Belleville - per Hexo's own press release.
Did they learn anything, nope - 6 months after that - they decided they DID NEED the production space after all - so they bought Zenabis (a pos bankrupt company) for $255 million.
After all - Zena would give them 'immediate access to Europe'.
Of course, Zena didn't actually have immediate access to Europe, plus Zena owed $7 million to Sundial - which Hexo lent them, and later Hexo found out they owed another $50 million to Sundial (which they still do).
6 months after THAT - they decided they didnt need the Zena production space, so they broke the Langley lease, and closed the Stellarton facility.
Hexo bought 48N (which had already shuttered it's faciltiies) for $50 million - because 48N had cosmetics and hand creams - a low margin, unprofitable line of cbd products found in every drug store in Canada - and they wrote the entire purchase off 3 months after the deal closed.
Hexo spent 10s of millions renovating B1 in Gatineau, whcih was ready for production in July of 2021 - but they've left in vacant - because THEY DIDNT NEED the production space.
Hexo lent BCI $20 million to buy the Belleville complex - and then spent 10s of millions renovating their portion of the space. The 'Centre for Excellence' was then sold TO A HEXO BOARD MEMBER for a LOUSY $10 million - which went to pay High Trail. NOW - that facility is being shuttered altogether. If Hexo's 25% was worth $10 million - BCI would be worth $40 million, so after repaying the $20 million loan - the BOARD Member ended up with a completely retrifitted facility for .....NOTHING. Plus he'll get Truss Bevergaes rent instead of Hexo!
Hexo bought Redecan for a ridiculous $1 billion - including $400 million CASH to the Montours of Hells Angels fame, and 3 months later wrote off $375 million of 'goodwill' that the paid the Montours.
Of course, in order to do this they negotiated oen of the worst financial deals in the history of cannabis financings - and subsequently sold 35% of its operation for a lousy $200 million, valuing the company at just $600 million.
Dont forget the Fort Collins empty vacant useless quonset - which they have since sold, but will lease it anyway - just to have it sit empty and idle. It will cost $75 million to renovate - per SSL's own statement.
Oh and what about the office space in one of the highest lease rates in the country. They moved headquarters from Quebec to Ottawa in offcie space 4x the size of the Fort Collins quonset - only to realize they coudlnt actually affor the elase, so annoucned they were moving abck to Quebec - of course, all the employees moved back and forth as well.
And what about the carbon free iniative - exactly what a cashs trapped company does - buy carbon credits from some shady dealer in BC - as well as signing agreements to 're-ofrest' two projects in South Amercia and South Africa. The 1200 employess also were carbon free - Hexo paid $1,000 per employee for the carbon credits for that - but theyw ouldnt announce how mcuh they paid to get Hexo itself carbon free.
There's more - but I'm sure you can find it in Queertard's childish scrapbook of press releases.
At the end of the day - you flipping pumptards should eb ashamed to say that closing Bellevilel was a good move to save money.
I'd like to see you tell that to the employees who've lost their jobs because of SSL's et al utter incompetence.