Post by
quinlash on Oct 04, 2023 3:19pm
Tilray Added Assets at a Bargain -> Period
Tilray picked up HEXO Corp at a Bargain, there is no disputing that. HEXO Corp found itself in a position where it could not generate nor raise enough capitial to continue operations and therefore was YES, on the brink of bankrupty.
Tilray recognized the potential in the product lines carried by HEXO Corp as well as the other assets owned by the company and stepped in to take the operation over.
Would Tilray have gotten such a good deal years ago when HEXO Corp was trading over $10 per share -> NO, absolutely not !
HEXO Corp contributed to the record breaking revenue numbers Tilray just reported today -> Fact. There were one-time costs also reported in relationship to the deal, these will NOT be appearing on the next report -> Fact.
The process of taking a company from one which loses money to one that makes money is a long and argus one -> Fact.
Anyone who ever started a business will understand that it's not an easy chore which takes time and patience. Case in point, Tesla, it took them 18 years to turn the corner and likely minted many a millionaire along the way, despite the company not being profitable during those years.
Where are those who bailed out on Amazon prior to the company turning from a online Book Store to an Online Retailor ? Go to the pub, they are likely still there crying in their beer.
Over the course of time companies transform in order to coup with market conditions. Tilray was once a pure Cannabis play, now it carries alchol which contributes substantially to the bottom line and acts as a safety net for the company to achieve profitability down the road.
Once Cannabis opens up in the US I have no doubt in my mind that this will make a MAJOR difference to the revenue numbers being reported and I plan to be well established with my shares on this PRIOR to that taking place.
jmho / dyodd
Q
Comment by
BudFoxx2020 on Oct 04, 2023 3:28pm
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