RE:HEXO Avoided the Retail GameYeah - it's working out well for Hexo.
Diversification in a cannabis sector is common sense - and running a seed to retail shelf operation is good business. While Hexo was acquiring bankrupt cannabis LPs - SNDL diversified into retail, alcohol - in addition to acting as a financer, investing in other ventures.
SNDL's sales last quarter were over $220 million. For a PS Ratio pumptard like yourself - you shoudl be drooling, but you're busy with your Dollar Cost Averaging, no time - OR MONEY LEFT - for other stocks
When Canada revises it's absurd legislation - it's retailers who'll benefit, when SAFE is passed in the U.S. - it's retailers that'll profit.
Sure - Hexo should stick to it's goal of #1 in Canada, they had to give up the 'top 3 in THE WORLD' now.
quinlash - (11/1/2022 4:25:44 PM)
HEXO Avoided the Retail Game
Canopy just announced recently that they were stepping back from retail due to it not being a profitable as they need it to be, also due to regulatory pain injected by the Canadian Fed Government.
Personally I was glad to see that HEXO Corp never went down that road and focused on their core business objectives, of becoming a top tier 1 Cannabis producer in Canada.
quinlash - (11/1/2022 4:25:44 PM)
HEXO Avoided the Retail Game
Canopy just announced recently that they were stepping back from retail due to it not being a profitable as they need it to be, also due to regulatory pain injected by the Canadian Fed Government.
Personally I was glad to see that HEXO Corp never went down that road and focused on their core business objectives, of becoming a top tier 1 Cannabis producer in Canada.