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In the Director elections press release they mention share consolidation or reverse split was approved by vote as an option. Do you think they will reverse split ? ??
I’m so hype of the Tilray news , it seems like they would need to but what do I know
Holding 37k shares. Down big but hopeful and HODLing
The PPS of $1.00+is in the cards, just how soon is the question !!! JMHO
battered, poor performer HEXO is about to move up towards $1 soon on technical move, then TLRY partnership realization will kick in for further upside performance!....it is perfectly positioned!.
plausible thinking!!
There is a future very possible merger with TLRY
AS USUAL YOUR POST CONTENT IS BULLSHIT
Phantom trading is holding down. May or may not work. We'll see.
Yes, a great first step.
They just teamed up with a company that has gone from almost $200 per share to under $6, with a chart that looks like the Mariana Trench.
Pure genius. *sigh*
Just 10%?, really, with TLRY partnership this little baby must be trading multiple dollars, it is a $10 stock at its 52wk high!, common Hexo, you can do better going beyond $1 or $2 in todays session!!
Here we go,MGMT first step has been done
Redcan alone is a moneymaking machine At this price HEXO is a very good buy,I'm buying.MHO
New directors should bring some good changes in the near future. Lets hope they can have a strong next couple months with covid restrictions easing.
I think HEXO and MEDMEN will make it.
Buying at these levels should pay off in a year.
What do you see and say John?
I am assuming from a technical perspective?
Good to see they are changing the board. Only good vibes moving forward. nice gap up to close the day from the mornings start.
Now that we have new blood in MGMT let's see how things are going to evolve Q by Q. I'm confident, sales in Canada are increasing.
WAR HAS STARTED... BIG DROP AHEAD
If anything is improved it will be very marginal since it's only a sliver of the overall market. The loss of the employees they've laid off is going to impact the production and will impact future quarterly earnings anyway - the real issue is the lack of sales - they simply aren't selling enough to be a profitable company, especially at the scale Sebastian built the company up to. They have a bunch more production capacity - some of it even in Colorado where they can't even sell anything. The whole company has been incredibly mismanaged.
Canada's cannabis sales increased to 382.4 million that's a 8.5% increase from November and 28.5 increase from a year ago. So Hexo being a leader in Canadian sales, Maybe we will see an increase in our sales numbers and cost being reduced.
I really want to see Sebastian arrested. He blatantly lied about the expected revenue ($400M) when in fact the trend projected a MUCH lower amount of revenue. It ended up coming in at $32M gross for the quarter.
He should be in jail.
The RS that happened and now the ongoing and continuing slide into the abyss is not going to stop anytime soon. Sebastian bought more capacity - while not increasing sales. At this point they can't even afford their operating expenses and the relationship with Coors is in deep, deep trouble as well.
I would not be surprised if the company closes it's doors, or possibly gets purchased outright.
Pot producer HEXO to revamp board on activist investor push
4 hours ago by Thomson Reuters
Companies Mentioned: HEXO
Feb 22 (Reuters) - Canadian pot producer HEXO Corp said on Tuesday it would refresh its board, effective immediately, as part of a deal with activist shareholder Adam Arviv and his fund, Kaos Capital.
Earlier this month, Arviv said he planned to nominate five independent directors to Hexo's board at its shareholder meeting, citing concerns over its sliding share price.
Shares in Hexo were about 6.49% lower in morning trading, taking their year-to-date losses to nearly 18%.
The new board comprising seven directors will stand for election at Hexo's shareholder meeting on March 8.
Arviv's fund, which currently owns about a 2% stake in the company, will nominate Mark Attanasio and Rob Godfrey and also retain the right to nominate the eighth member.
Last year, a media report said Hexo's co-founder Sebastien St-Louis was ousted from his role as the chief executive officer after Arviv alleged that St-Louis had over-leveraged the company to help finance deals to acquire some cannabis operators.
Hexo this month said it would cut 180 jobs, resulting in annual savings of about $15 million, as it seeks to reduce expenses by 30% by the end of 2023. (Reporting by Rithika Krishna in Bengaluru; Editing by Ramakrishnan M.)
We might be retesting all time low shortly. Low caps are getting slaughtered and will probably continue to bleed for the next couple months. Bull markets make you money, Bear markets make you rich. Just food for thought.
To consider and, if thought advisable, pass, with or without variation, a special resolution, the full text of which is set forth in the Circular, authorizing and approving an amendment to the Articles of the Corporation to effect a consolidation of the issued and outstanding Common Shares on the basis of one (1) post-consolidation Common Share for a number of pre-consolidation Common Shares to be determined within a range of two (2) and fourteen (14) pre-consolidation Common Shares, and authorizing the Board of Directors of the Corporation to determine the final consolidation ratio within such range in its sole discretion, as more particularly described in the Circular.
tell me again how high this is going to go?
What about mid-May. Have 24 $0.5 calls. Right now have $.70 standing sell. May be too low.
REDCAN IS A MONEYMAKING MACHINE,PERIOD !!!!!
AWESOME!!!!!!!!!!!!!!!!!!!!!!!!!!
As long as HEXO does not bankrupt, we will see $3.00 within 9 months.
I don't give a piss of what u do or will do
I book marked this post for future reference. Expect to hear from me in the future.
LMFAO $1.00 COMING SOON LMFAO
nice, nice way of dealing with matters...
keep in mind Hexo payout is 2 years away with lots of volatility.
Day Trader's playground...
good luck to all
Ben.sotechnical
The banking bill has been approved, legalization will be next, HEXO IS #1 IN MY EYES, NOT WORRIED AT ALL, BUYING MORE WHEN I HAVE MORE CASH
dilution of shares helps hexo stay afloat due to global expansion and prevent takeover,
Adam will be given a seat and a say in Hexo and the change is News worthy to give retail investor confidence problems are solved.... delaying til regulations and USA are all worked out.
US has Schumer pushing a mj bill through this year ...https://www.marijuanamoment.net/schumer-plans-to-file-marijuana-legalization-bill-in-april-as-top-house-lawmaker-details-his-own-reform-plan/
Dilution
As more fully described in Item 4, these Common Shares are issuable upon exercise of warrants and/or conversion of convertible notes, which are each subject to a 9.99% beneficial ownership blocker and the percentage set forth on row (11) and the number of Common Shares set forth on rows (6), (8) and (9) give effect to such blocker.
Adam Arviv brought the Redecan deal to HEXO and he negotiated the $400 mil cash and the $500 mil in stock. He is not mad at the deal, he is mad at the price of the stock that was issued to Redecan. He is less of an activist shareholder and more of a pissed off shareholder who made a bad deal and is trying to negotiate after the close. HEXO has the chops to make it out of this mess and this "activist shareholder" or "whiny baby" is just going to cloud the progress of this company.
I absolutely support this. Sebastian should be in jail for the fraud he's committed. He predicted $400 million in gross revenue, when in fact, HEXO was on track to gross $32 million. That's a 12.5x misstatement and is criminal. This stock should be at $30 per share, based on the value prior to the first reverse split, and is now heading rapidly towards it's second reverse split.
It's not possible to mismanage a company any more than this one has been.
Canada needs to arrest Sebastian and hold him accountable, and HEXO needs an entirely new management team.
They have about a year to regain status with the NASDAQ,not an issue !!!MHO
[b]The new MGMT at HEXO ARE much wiser now, THE RATS HAVE LEFT,NO CHOICE IN THAT.
Maybe, maybe not. If the competition lets them die off, then yes, it helps everyone else. But if someone tries to buy these weaker companies, it'll end up bad for all; even/especially the acquirer. That's what started this problem with HEXO.
SMALL CANADIAN COMPANIES ARE DIFAULTING,HEXO WILL BE THERE FOR QUITE A LONG TIME,MORE DIFAULTS THE BETTER IS FOR HEXO.MHO
No Worries... and a debt to settle as while...
just means this is a long term stock for a jackpot payout.
the jackpot payout is maybe 2 years away...
but...
volatility of the SP will be exaggerated highs and lows due to shorts, options and day traders....
another weekish and the NR ball will start rolling and if played well you will be holding shares with a pocket full of $$$.
Scott the new CEO has a good start on the Path Forward...
"it should be all about quality at a affordable price!"
Ben.sotechnical
Hostilial takeover ... investor Adam Arviv
investor-calls-ouster-hexo-board-member
An activist shareholder is pushing for an overhaul of Gatineau-based cannabis producer Hexo’s board of directors in the wake of the firm’s mounting debt woes and tumbling stock price.
Adam Arviv, who owns about two per cent of Hexo’s shares, announced this week he plans to nominate five new directors – including himself – to Hexo’s eight-person board in a bid to get the company back on track after a “disappointing performance” that’s seen its shares plummet more than 90 per cent over the past 12 months.
“The market has spoken loudly, and Hexo shareholders have made it clear that they have no confidence in the direction of the company and in the ability of the incumbent board to right the ship and reverse the downward slide,” Arviv said in a news release Wednesday night. “Without monumental change, Hexo Shares will continue their unrelenting descent.”
It’s the latest salvo from Arviv, who has been sparring with Hexo management for months. Last fall, he blasted the leadership of then-CEO Sebastien St-Louis in a letter to the board, citing “recent dilutive financings, the CEO's misalignment with shareholders, and a lack of basic business skills to lead.”
Acquisition tear
His call to oust more than half the company’s board continues a turbulent stretch for Hexo, which went on an acquisition tear in 2021 that triggered concerns among investors who worried the company’s shares were becoming overly diluted as it issued new stock to help pay for the transactions.
Someone is ready to shake up the three and get rid of the rats on the board.
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