RE:Could HEXO be a target that TLRY goes after?Dave, this is something I have been wondering about as well. It is very possible.
And for the record, while I have warned that OUR shareprice would suffer until the next set of financials, (and took some flack over it) Ghost is the one person here who has been bang on.
Pump all you want you 3 or 4 pumper posters, I think you are still months too early.
Personally, I am just sitting here in the weeds waiting. ........... The share price will recover.
DaveInCalgary wrote: Could HEXO be a target that TLRY goes after? Or has gone after?
Irwin Simon announced a couple of months ago that TLRY would be adding to Tilray's Canadian market thru adding additional growth within the existing market. Capacity would grow from 12% to 27% with HEXO stable.
HEXO has operations in Canada and 15% of the Canadian Recreational Cannabis market with Redecan, Zenabis, 48 North.
HEXO is also a Global Medical Cannabis supplier with operations in Israel and Malta.
Truss CBD USA, a joint venture by Molson Coors Beverage Company (NYSE: TAP) and HEXO USA Inc, a subsidiary of HEXO Corp (NASDAQ: HEXO), just recently announced the expansion of Veryvell, a line of hemp-derived CBD and adaptogen beverages. Following a successful Colorado launch in 2020, Truss CBD USA now expands Veryvell semi-nationally to be available in 17 states. Sweetwater bought 2 breweries in the exact same city following the HEXO / MOLSON announcement. Fits in perfectly with Sweetwater & Manitoba Hemp.
I could see St Louis leaving if Molson decided on a more seasoned CEO.