westcoast420
Well-Known Member
Sounding like a broken record with these earnings reports! Drop in revenue, dropping margins, 25 million in imparement charges do to shwag sitting around un sold.
Also looks like they decided all the cannabis that was grown without a licence will be good to go on the shelves..lol "As previously disclosed on November 15, 2019, upon discovery of the licensing issue in Block B of the Company’s Niagara facility, inventory from Block B was quarantined and held back from sales. (even tho they admitted to already selling some) The inventory was kept on the books and although destruction was a possible outcome, the Company has reassessed any risks related to such inventory and concluded that it is cleared for sale and will not be subject to destruction. Note that Block B is now fully Licensed by Health Canada."
Good to know you can just grow unlicenced weed and just sell it without issues, cool im in.
Also looks like they decided all the cannabis that was grown without a licence will be good to go on the shelves..lol "As previously disclosed on November 15, 2019, upon discovery of the licensing issue in Block B of the Company’s Niagara facility, inventory from Block B was quarantined and held back from sales. (even tho they admitted to already selling some) The inventory was kept on the books and although destruction was a possible outcome, the Company has reassessed any risks related to such inventory and concluded that it is cleared for sale and will not be subject to destruction. Note that Block B is now fully Licensed by Health Canada."
Good to know you can just grow unlicenced weed and just sell it without issues, cool im in.
HEXO Corp reports financial results for the first quarter fiscal 2020
Key highlights of First Quarter of 2020 fiscal year Operational expenses decreased 25% quarter over quarter, to $35.1M in Q1’20, compared with $46.9M in...
www.globenewswire.com