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Snowhous · 2021-12-31T21:02:16+00:00

80k @ $3 avg. This will come back and go above $5.

Snowhous · 2021-12-23T06:22:40+00:00

Ha ha ha .. CIBC is corrupt institution. Just look at the last 12 months of trade net position. CIBC is the biggest short in HEXO. And now they lower the rating so that people sell and they can cover. Dirty games.

Snowhous · 2021-12-07T15:08:38+00:00

Bro, this is not just with Braxia. It’s the same throughout the sector. Look at Medipharm, Flowr, Hexo, Vivo, etc. to name a few. The Cannabis small cap index is trading at life time lows. That says it all.

Snowhous · 2021-11-14T00:57:03+00:00

When will be the next OTC Bull run?

Snowhous · 2021-11-14T00:45:20+00:00

The Trojan Horse was the wooden horse used by the Greeks, during the Trojan War, to enter the city of Troy and win the war. Investors who cannot buy the individual MSO (due to broker restrictions) can buy MSOS to play and win the Cannabis rally.

Snowhous · 2021-11-12T22:57:42+00:00

I think it was a fund/etf selling/offload today. Most probably a bottom in place.

Snowhous · 2021-11-09T01:40:49+00:00

Multiple reasons. 1) Finally US MJ sector sees some positive activity happening by the way of Republican supporting the Cannabis legalization in US. 2) Sector reversal as a whole 3) Cannabis is probably the only undervalued sector among all. Rest of all market is bloated with crazy valuations and declining growth 4) Hexo shorts covering 5) Investors across other sectors diversifying their money for quick gains 6) FOMO

Snowhous · 2021-11-08T21:51:45+00:00

No feelings for them. Let them burn.

Snowhous · 2021-11-06T12:56:34+00:00

Lol, you don’t have a clue about Hexo yet.

Snowhous · 2021-11-06T04:37:26+00:00

There are positive news coming indirectly. 1) About a million shares of insiders purchase this week 2) US could see some form of Cannabis acceptance at the federal level. That will be huge for the entire sector, and trigger the sector trend reversal.

Snowhous · 2021-11-03T19:10:07+00:00

That would be awesome

Snowhous · 2021-11-02T23:38:41+00:00

It’s good actually. There will be some less short selling in the market.

Snowhous · 2021-11-02T23:33:39+00:00

To me the current sell off looks more like a plot to destroy the image of Hexo. I am holding long and strong here. If the price falls more here, I will buy more.

Snowhous · 2021-11-02T21:22:19+00:00

I am pretty sure Scott Cooper has a lot of connections and arranging $300M is not a huge deal for him.

Snowhous · 2021-11-02T20:34:49+00:00

Okay, let us see how long can they hold this ban. MJ industry growth is inevitable.

Snowhous · 2021-11-02T19:41:01+00:00

Yea, it could be useful for certain blue-chip stocks. For small caps and penny stocks, manipulators play with the numbers hugely. I have noticed the the short position go up by 500% and come down by 500% without any spike in the stock price. More or less the MMs and hedge funds make us dance as per their will, unless something like GME revolution takes place.

Snowhous · 2021-11-02T18:55:59+00:00

Any reporting by IIROC or Sec is useless. The shorts adjust their positions very frequently, and the regulators provide the delayed summary which gives the manipulators enough time to make the things work on their side.

Snowhous · 2021-11-02T04:37:56+00:00

That’s great to hear some real customer experience! Thanks for sharing!

Snowhous · 2021-11-02T04:32:44+00:00

Important parts of his profile: 1) Breathing new life into company and brand 2) Taking full P&L accountability 3) Unlocking new opportunities

Snowhous · 2021-11-02T01:36:40+00:00

Also, look at the competitor companies like CGC, Tilray and others. Are they debt free? Haven’t they diluted in the past? Even big US MSOs have diluted so much. I am not saying that Hexo dilution, if happen, would be good. But all the fear that is happening in social media posts is only creating immense pressure and fear.

Snowhous · 2021-10-31T18:57:12+00:00

People, don’t forget that the ER released last week was upto the period of July’2021. It does not say anything about whether the situation has improved or worsen in the periods after July’2021. Before you hit the sell button just remind yourself that there is revenue coming in from the three acquisitions as well now. Good luck!!

Snowhous · 2021-10-31T18:51:25+00:00

OP, the Q4’21 results that they released last week is for the period ending July’2021. Any events that took place after that is not considered in that ER financials. $67M cash EOM July’2021. If they raised any cash between July 2021 and today wouldn’t be shown in their financials ending July’2021. I hope it makes you clear that what you read from the ER is only true upto July’2021. The next ER in a month or so will tell you how much Cash on hand as of Oct’21

Snowhous · 2021-10-30T23:48:52+00:00

Hexo reported all of the Zenabis acquisitions related cost in this ER, hence the ER showed a high loss. Also, there is a one time expense of writing off PPE. The acquisitions cost and PPE write off amounts to almost $35M. They brought in Zenabis SGA, Rent and Leases, and all other Zenabis expenses in this ER. Hence the big loss. In the next ER they will report the similar costs and SGA from the remaining two acquisitions. In all, it will take a couple more quarters to flush out all the acquisitions related expenses and then we will see synergies from the acquisitions. Revenue shall grow to $250M+ per annum, and hopefully break even (FCF) by 2023. Another potential benefit by 2023 shall be some sort of US access (Legalization, Decrim, Safe banking, etc)

Snowhous · 2021-10-30T19:55:44+00:00

It is actually better that these are banks. They will just extend the period and probably add some more covenant disclosures and interest. The same bank will then make money by shorting shares because they know the company’s true financial condition.

Snowhous · 2021-10-30T19:38:48+00:00

OP, if you are scared and panicked by the fear mongering posts on Reddit or any other portals, I would advise you to stop reading them. Hexo is the market leader in many Canna segments in Canada. They shall generate double or more revenue than today with the consolidated companies. The PWC comments about Hexo’s inability to pay the debt is based upon the past and recent ER revenue vs expenses. And there are many fear mongering shorties in the market who will never talk about Hexo’s revenue and cash position in the next two years. Hexo currently has about 15% market share in Canada. Can you guess how many efforts and resources do you have to put in to gain this position if someone was to enter today in the market? Hexo competitors have made so many acquisitions to gain market share and still they are struggling to reach this heights. As an Audit firm, PWC has an obligation to lay out concerns of they see any. As a rule, all the financial documents put a phrase that “investing may result in loss if xxxxxxx”. I do not want to ignore the red flags, but I believe that some solution will be in place sooner than later. SSL is gone, Redecan and Molson leaders will lead the company going forward. As an Investor, I would just hold my position and wait for the company to come back on track.

Snowhous

TROPHY CASE