Keeler Broadcasting - "The Truth"
Keeler - (12/2/2022 5:22:13 PM)
RE:the reason behind the TRUSS move non core means non core
No. Truss is a separate legal, business entity.
It's neither core or non core.
A non core asset was the tree farm owned by 48N - which was for sale prior to the Hexo acquisition - and remains for sale
Hexo and Molson simply have/had an investment in the two Truss operations - but neither had any direct involvement in the 'drink business'.
Hexo's 'extra' involvement' was only due to Truss Canada's waiting for their production and sales licences - so Hexo was used as a 'middle man' to get the beverages to the Canadian market.
And Hexo was a supplier of course - apparently of poor guality THC.
Truss has all their licences, always had their own managemnt and staff, separate 'books',
they no longer need Hexo, and as Hexo has no free cash to further invest in Truss - the money for expansion will have to come from somewhere else. Hello Molson?
Hexo isn't getting rid of Truss - Truss is getting rid of Hexo
Figure it out. strongjay - (12/2/2022 3:55:11 PM)
the reason behind the TRUSS move non core means non core
Hexo wont be involved in the drink business they will be selling their position to prepare for the f100 partnership as all the regulatory issues have finally resolved themself .
im sure i dont need to draw you a picture bighitter