Yes.
Tilray paid $250 million for a company that would have declared bankruptcy if they hadn't.
Hexo contributed $10 million in revenue last quarter.
Hexo had reported NEGATIVE Gross Profit (that's the profit after direct costs are deducted - but before operating costs) - it cost Hexo more to produce a product than what they sold for t for.
About all Tilray got was done idle empty production space thry didn't need - and are still paying for.
Tilray is certainly not a lot better in controlling costs
And Zenabis, the Hexo sub that THEY paid $250 millon for? They owed SnDL $60 million - didn't have it declared bankruptcy. couldn't cover the tab and allowed SNDL to get Zenabis for Pennie's - including a state of the art EUGMP facility - which had accounted for 90% of hexos international sales.
Nothing HAS changed - incompetence - you were right to suggest it's time for a new CEO
Comment by
Ventura2020on Feb 07, 2024 9:32pm 
56 Views
Post# 35868942
RE:Nothing has Changed on Tilray
Correction - I should not say, nothing has changed on Tilray Brands Board.
Tilray Brands Board contracted a Virus. Source Hexo, Zennabis.
Tilray Brands now owns Hexo, which was a great move by Tilray Brands. Approved by the shareholders.