hey quinlash - Tikray (over)paid for Hexo, spending$250 million on the company that would have had to declare bankrutcy if not for the acquisition.
This is not disputed - and reflected in Tikray's filing.
I've told you before that Hexo accounts for less than $10 million Net Revenue
When you subtract the Cost of Goods Sold (60%) required to produce Hexo products, you're left with a Gross Profit of $4 million quarterly.
From that $4 million Gross Profit - Operating Expenses are then deducted to arrive at a NET LOSS.
Tikray investors spent $250 million on a company from which they will NEVER recover the investment. They did just as well with Hexo as with the $225 million spent on Medmen.
Meanwhile, Simple Simon has taken in $66 million compensation in the last 3 years.
Score:
Simple Simon $ 66 million
Investors zero (who knows what the actual net losses have been)