Cash PositionAt the end of Q4 Hexo reported a Cash on Hand of about $80 million - and on the Q1 report yesterday, about $78 million.
Keep in mind - that's at Oct 31/22, obviously we're almost two months later.
One thing that wouldnt be reflected then is the Dec 6 repayment of the $40 million debenture.
Cash burn aside, that repayment alone reduces Cash by half.
There is also a separate covenant that required Hexo to maintain minimum cash balance of $27 million.
Yes Dorothy - Hexo will be announcing a new financing/dilution.