RE:RE:HEXO Quarter Report DatesOut of pocket cash paid for the 2021 acquistions was less than 500k. We already seen our HEXO Long Touran provide the supporting research for this however everyone invested in the stock should already have those numbers confirmed for themselves.
Redecan is reported as one of the most profitable companies in Canada for Cannabis products (pre-rolls being the claim to fame). Those sales are now rolling up under HEXO Corp with the company noting in early fiscal 2022 that the production line for the pre-rolls would be increased in the range of 2 to 300%
In addition to focusing on the higher-margin / better selling products the company has also reported a number of cost-savings initiatives. These cost-saving moves were further complimented to in 2022 when HEXO Corp and Tilray Partnered. This partnership is reported as having a forecasted cost savings of 80 Million within the next 1-2 years.
Tilray did not partner with HEXO out of the goodness of their hearts with it being reasonable to expect that Tilray sees the investment in HEXO Corp as being favorable going forward. This investment by Tilray came in the form of Tilray Brands taking on over 200 million of the existing HEXO debt and providing HEXO Corp a much lower cost to carry.