Detroit, Dec 19th, 2018, (PENNYSTOCKS.NEWS), Hexo (OTCPK: $HYYDF) and Hexo trades on the Toronto Stock Exchange under TSE
After the excise tax, the total revenue of Hexo jumped 301 percent consecutively, and Hexo sold 952 kilograms of recreational cannabis in two weeks only- in contrast to 152 kilograms of the medical marijuana all quarter.
Yet, Hexo is not profitable as it is operating to complete its 1,000,000 ft2 expansion and utilizing the part of its 250,000 ft2 facilities for the mothering plants that decreases the current production. This month Hexo will be able to sell more cannabis only when they will complete their expansion. The Quebec supply deal of Hexo is for 20,000 kg/year and 45,000 kg/year in 2 years. It recommends that Hexo will set 12x more cannabis in 2 years than they trade today.
Hexo is valued depended totally on the listed quantities on their Quebec supply agreement. On topmost of the supply deal, Hexo has the supply deals in British Columbia and Ontario- both can generate revenue more than they did this quarter and assigns with the private retailer Fire and Flower that will pay the incremental dividends soon, from the European efforts with Cannabis, potential the future revenue and it may sell more than listed 20,000kg. If all of these come true, then the shareholders may benefit.
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