Im Out - Good LuckThey could announce a partnership with Tesla for all I care, current shareholders wont be around for long. Fact of the matter is they burn way too much money a quarter to sell products at a loss. COGs are more than revenue and they have negative working capital to boot.
Renegotiating their deal with Tilray and KAOS was the nail in the coffin and screams desperation. Now they can dilute all the way down to 10 cents with the backstop.
Where is all of this new money going to come from? People are down 98% and about to get soaked even more from another massive raise at rock bottom prices. Tilray wont let them go under, but will get them likely at a couple of cents a share to fill the rest of the ownership required to get to 51%, from there they'll vote to amalgamate at terms most favorable to Tilray as Hexo is beyond distressed.
Game over. They cant even hold on to market share by selling at a loss.
Sector is a joke and none of these companies are run well. All bleeders and money wasters.
Good luck to anyone who decides to ride it out.