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Bullboard - Stock Discussion Forum HEXO Equities Warrants Exp 2 Apr 2024 T.HEXO.W.A

Hexo Corp. is a Canada-based consumer packaged goods cannabis company. The Company is engaged in cultivating, processing, packaging, and distributing cannabis products to serve the cannabis market. The Company serves the Canadian recreational market with a brand portfolio, including HEXO, Redecan, UP Cannabis, Original Stash, 48North, Trail Mix, Bake Sale and Latitude brands, and the medical... see more

TSX:HEXO.W.A - Post Discussion

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Post by dart321 on May 25, 2023 12:04pm

The World Is Headed

into a financial melt down the likes of which it has never seen before. The republicans have until the end of today to stop playing around with the U.S. debt. If they don't stop this and do nothing today it will be to late to pass legislation through the house and senate in time. Banks around the world use U.S. bonds as colatoral towards their own loans. If the U.S. defaults those bonds become junk bonds which are not colatoral which in turn will cause all banks using these bonds in this way to stop making any loans causeing the worlds financial institutions to freeze up lasting atleast months if not a year or more. Loans for mortgages, car loans, lines of credit all will explode up with banks using U.S. bonds this way. This is world wide not just the U.S. hold on tight folks and pray it doesn't happen and the republicans come to some common sense. LOL I know that's asking for the world for them to get a grip !!!!!!!!!!!!!!
Comment by dart321 on May 25, 2023 12:12pm
The reason I post this is because the pot industry is a debt releated play, most pot companies have huge debts they are struggling to pay now. If they add substantial increases in interest rates, that's if they can find loans anywhere, they would never be able to service those debts. So If the republicans cause this we will likely see a subsatntial number of pot companies go out of business ...more  
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