TLRY pays 1.1 times HEXO's this year's est. RevenueTLRY paid US$56 million (about CAD$70 million) plus HEXO's net debt of about CAD$150 million. This means that HEXO's Enterprise Value now is about CAD$220 million.
Based on HEXO's current Enterprise Value, HEXO was acquired for about 1.1 times this year's estimated revenue of about CAD$200 million.
I think this multiple is not bad given that HEXO loses money, burns cash and has a lot of net debt (about CAD$150 million).
Please let me know if I am missing something.