Mar. 11 at 4:37 AM
$HYFM i’m back in ,Everyone screaming “default” on
$HYFM is missing the bigger picture.
Bill Toler stepped back in as CEO not long ago. This is the same turnaround operator who helped rebuild Hostess and ran multiple major food companies. He doesn’t come back to steer a bankruptcy — he comes back to fix the capital structure.
Sometimes a default actually increases negotiating leverage with lenders. It forces everyone to the table and opens the door for amendments, extensions, or restructuring.
Meanwhile people ignore the real assets: distribution centers, brands, equipment, and a nationwide cultivation supply network built during the grow boom.
Catalysts to watch:
• Debt restructuring / lender amendment
• Cost reductions and inventory normalization
• Cannabis cultivation cycle stabilizing
• Potential strategic buyer or partnership
• Tiny float that can move fast on sentiment
Turnaround CEOs don’t step back into the cockpit for nothing.
