RE:RE:Irwin is buying Into Hexo debt? Yup. The additional aspect that one can look at is just back in May of 2021 HEXO paid 925 Million between a combination of 400 Million in cash + shares for JUST Redecan. When looking at that alone it amplifies how we are paying the pennies on the dollar for this stake in HEXO.
The biggest problem with HEXO was Sebastien as I stated a long time ago. Excerpt from HEXO's May 2021 Announcement.
Under the terms of the Share Purchase Agreement, the $925 million purchase price will be paid to the Redecan shareholders as follows:
- $400 million of consideration due on closing paid in cash; and
- $525 million of consideration due on closing paid through the issuance of HEXO common shares (the “Consideration Shares”) at an implied price per share of $7.53.
tam1206 wrote: What people are missing here is Hexo has majority of sales in Quebec, and to facilitate more market share we allign with them.
Not only that ,this agreement allows us to convert to a 37 percent ownership of Hexo.
From the very beginning individuals bashed APHRIA for not buying companies in the beginning.
The CEO back then in 2017 said why would i buy now When i can pay pennies on the dollar down the road. That was and is now fulfilling to witness. Hexo was at 1 point over $20 USD a share .
Irwin just did it for Under a dollar.
We are allighning ourselves with a company that has Market share and we will own a minium of 37 percent of that company .
How can you not see this as positve.