Thursday, June 24, 2021 11:34:28 AM
The CEO noted in the earnings report out that, on the day of the report out, they were sitting on $196 Million Cash. The report showed a QTR burn rate of $20 million
196 / 20 = 9.8 QTRs of cash
9.8 QTRs x 3 months per QTR = 29.4 Months
29.4 Months / 12 months per year = 2.45 Years
What do we know will be happening within 2.45 Years ??
- Zenabis Sales will be appearing on the QTR reports
- 48 North Sales will be appearing on the QTR reports
- Redecan Sales will be appearing on the QTR reports
How much did each of the companys' report on their last QTR reports ?
- Zenabis $16 Million
- 48 North $5.5 Million
- Redecan $58 Million
- HEXO had reported $45 Million on the report prior to the current one however most recent QTR report was $33 Million. HEXO is working to correct the earnings miss for future QTR reports.
16 + 5.5 + 58 + 33 = 112.5 Million in QTR sales once all the companies are consolidated under HEXO
112.5 per QTR x 4 to get annual sales figures = $450 Million / Just shy of half a Billion in sales per year in sales
https://stockhouse.com/companies/bullboard/t.hexo/hexo-corp?postid=33431534
nice work if you bought datdip
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