Post by
quinlash on Jan 21, 2024 2:07pm
RE:OmG! OldDweeb HAHA
Prime example of why it's important to do your own research and not rely on things like Stock Forum.
Irwin Simon was never the CEO of Hexo Corp. The CEO of Hexo Corp was the founding father and then he was replaced in the last couple of years prior to being bought out by Tilray.
Hexo expanded too quickly and had been (IMHO) counting too much on the US coming online as a new market. Hexo products continue to be sold under Tilray Brands and remain some of the top products being offered.
Irwin Simon (Tilray) had the opportunity to buy out Hexo at a time when Hexo had few options left, as such Tilray bought the company for pennies on the dollar. As of recent interviews etc by the CEO Hexo Corp business components are expected to contribute another $30 Million to Tilray Brands through remaining synergies that have yet to be realized.
Don't take my word for it, do some actual research on the topic. The TILRAY CEO interviews are on YouTube and can be found through a simple search.
Best Regards
Comment by
OhMyGod69 on Jan 21, 2024 2:27pm
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