The Hydropothecary Corporation – Structure and Current State – 07/18

This is the first time I’ve darkened their financial door (as it were) in any detail, although I’ve viewed them from afar as a possible regional hedge of producer exposure.And despite my less than ebullient view of the provincial marketplace they are about to launch and expand within, they do have a large supply deal with a wretch (the provincial monopoly) that will at least get their product into stores and shelves.Straight to it:$2.5MM license capitalized, aggregate $4.5MM in intangibles. Pretty negligible, and alot less than $500MM.Note 10 reads like a shitty Victorian romance novel: ornate, fussy, unclear, and ultimately ends up with a…

Continue Reading
Close Menu