RE:HEXO Sales are refocused on High Margin ProductsThe TRUTH - per Hexo's own statements - has little to do with a couple of delayed shipments at the end of the quarter (serioulsy - how much do you think they ship each day?) is that Hexo is having to short ship and/or hold orders because after closing facilities, layong off staff AND the transition to different products - they simply can't meet their previous commitments.
Unfortunatley, retailkers can choose from a large number of Canadian cannabis LPs - and when you can't deliver their orders - or short ship them, it wont take long before the reatiler moves on to a supplier they can trust to deliver full orders, on time - on a consistent basis.
Even Truss no longer roders from Hexo due to consistent quality issues.
Work through the delays - Hexo reported $42 million in Q4 - so in rough terms that's $42 million doividied by 90 days (3 months) = $ approx $465,000/day.
So if there were two days with delays, that's less than $1 million in sales added to the actual of $36.5 million.
It's a minor amount compared to 90 days of short shipping.
A new reader probably think mr quinalshes sure potsts a lot of inaccurate and misleading information.
quinlash - (12/22/2022 6:30:46 PM)
HEXO Sales are refocused on High Margin Products
It's a transition the company is going through as part of the plan laid out by the New Management team in place at the company. Sales have been lower in recent reports in part due to low margin products being removed from shelves. The company reported that they increased the high margin product production by 300% and this will produce results in upcoming reports.
The most recent report noted some sales not being reported due to delays in product arriving at the customer side, these sales numbers will therefore be added to the next report.
quinlash - (12/22/2022 6:30:46 PM)
HEXO Sales are refocused on High Margin Products
It's a transition the company is going through as part of the plan laid out by the New Management team in place at the company. Sales have been lower in recent reports in part due to low margin products being removed from shelves. The company reported that they increased the high margin product production by 300% and this will produce results in upcoming reports.
The most recent report noted some sales not being reported due to delays in product arriving at the customer side, these sales numbers will therefore be added to the next report.