Two key points from ongoing conference call We paid a 21.2 million in excise tax a run rate of over 60 million more due to higher taxes on hexo products we now own. The company will look to tax reform next week
Our alcohol margins were held back because of existing deals with ABI due to terminate end of year. Our historical business had margins over 50 percent and they expect once we terminate abi existing contracts we will be able to fully integrate the newly acquired buisness
A delay in collections of cash from a sale of assets that we still carry on our books has resulted in a minor delay in free cash flow all though they expect to generate free cash flow in Q4.