RE:HEXO Corp is not BankruptHAHAHAHAHA
Hexo has no cash reserves whatsoever - they had $14 million reported last quarter - with a cash burn of $30 million per quarter. They'd alreay be bankrupt if not for KAOS.
Adam Arviv and KAOS (the guy you used to refer to as a 'used car salesman' in a cheap suit) did backstop financing, but it's not quite your misleading and incorrect statement suggests.
The money is available at a maximum of $5 million per month - for 36 months and is specifically designated to serviciing the LOAN PAYMENTS to Tilray. It's not spending money.
Yes - shares are issued to KAOS in exchange, it's not free money with the result of the related FURTHER DILUTION. In effect, it's just anotehr one of Hexo's ATMs.
You just keep posting your nonsense - and I'll keep posting corrections to your filthy misleading pumptarding
quinlash - (10/12/2022 12:43:29 PM)
HEXO Corp is not Bankrupt
They certainly do not have the cash reserves of Canopy Growth nor their Partner Tilray however HEXO Corp does have backing from KAOS capitial to the tune of 180 million Dollars. The cash is available on an as-needed basis in exchange for shares and I am sure HEXO Management will be drawing on that as little as possible but it's there as a fall back.
Anyone who has visited the OSC website would also see that HEXO Corp is selling product under their various brands and under the brands of Truss, 48-North and Redecan. Many of the products make it into the top 10 spots for their catagory.
The next QTR report is due no later than Oct 29th so at that point we will see how well those products sold over the period as well as what kind of progress the company has made in terms of their cost-cutting endeavors.
quinlash - (10/12/2022 12:43:29 PM)
HEXO Corp is not Bankrupt
They certainly do not have the cash reserves of Canopy Growth nor their Partner Tilray however HEXO Corp does have backing from KAOS capitial to the tune of 180 million Dollars. The cash is available on an as-needed basis in exchange for shares and I am sure HEXO Management will be drawing on that as little as possible but it's there as a fall back.
Anyone who has visited the OSC website would also see that HEXO Corp is selling product under their various brands and under the brands of Truss, 48-North and Redecan. Many of the products make it into the top 10 spots for their catagory.
The next QTR report is due no later than Oct 29th so at that point we will see how well those products sold over the period as well as what kind of progress the company has made in terms of their cost-cutting endeavors.