Post by
CaneIsAbel on Jun 02, 2023 3:55pm
Quinlash
Yes it was a very good deal for Tilray but it was an even better deal for Hexo. Believe me they were out of options and their very survival was at stake. No one was bailing them out and Tilray financed their first survival and now their ultimate survival. Under Tilray Management, Hexo will not have the same cash burn nor are any of its numbers other then it's market share relevant. The synergies created, the cheap cost to acquire them is a testimony to the positive track we're on. Tilray theoretically could continue to cash burn (we won't, we will be cash free positive my guess this next report) for the next couple years and wont be in danger financially. In those years anything could happen with legislation or abroad that could lead to massive gains in the stock price. Selling Tilray at this price can't be justified anyway I try to grapple with it when people say sell the stock and listen to the short narrative. Tilray is expanding globally and securing Canadian market share that comes with a bonus 12.5 million cash very cheaply. Management is doing their job and will continue to do so aggressively. They know they have a lot of work to do especially after this week.
Comment by
CaneIsAbel on Jun 02, 2023 4:34pm
May your investment be significant in its success and I truly believe long term it will pay off for you after the merged company. This is my opinion and I'm glad you're voting for the merger and recommending others as well. As I said I'm excited about the future very bullish Tilray and hexo post merger
Comment by
quinlash on Jun 02, 2023 6:14pm
I invested in Cannabis for the eventual Legalization in the US. I will continue to run Dollar Cost Average strategies on my investments with only partial rebalance orders along the way as opportunities present themselves. A+ to all of the Cannabis Investors out there who have managed to remain patient over the last few years. Have a great weekend everyone. Q
Comment by
CaneIsAbel on Jun 02, 2023 6:43pm
Can't argue with that. Since 2021 patience would have paid off. Cheers have a good weekend