oh my, momocau.I'm not sure how to even start explaining your actual investment position to you.
I will remind you that Zenabis final share price was in the .05 cent area - and that if you had sold your Hexo shares and used the cash to actually buy Tilray rather than convert your shares - you would ended up with more shares for the same amount of money.
I can't imagine how much money you lost on Zenabis - if you willing to invest $109 a share in Hexo.
At the end of the day momocau, you invested cash into Zenabis. That legal entity of 'Zenabis' - the one you invested in, effectively ceased to exist when Hexo acquired it, with new corporate ownership - however, the Zenabis 'division' still carried the $60 million owed to Sundial - who chose not to enforce full payment.
When Tilray acquired Hexo, the Zenabis 'department' went with it - including, again the $60 million debt.
Sundial - now SNDL - enforced the repayment, Zenabis/Hexo - whoever you want to call it, could not pay the debt and Zenabis was forced into bankruptcy. Tilray chose not to cover the $60 million debt - and the two cannabis facilities (one EU-GMP certified), $30 million in inventory and existing international sales agreemts were lost to SNDL.
Hexo as well, now operates as a 'dividion' of Tilray with it's brand and products - however, you invested in Hexo - apparetly at $109 a share???? - which you've avergaed down to $15. of Tilray shares.
The money you put into Zenabis and Hexo is gone forever, you no longer have any ivestment in them - at any averaged down price. If you don't believe me - try calling them, or your broker - or anyone financial advisor and ask how you can cash out your Zenabis and Hexo shares.
You are now invested with Tilray - 100%, at an average of $15.00 a share. The chances of you recovering that current $13.00 a share loss as it stands anytime soon is extrememly unlikely.
Your Tilray investment is dead money - share price has to increase by $13 just for you to breal even.
Meanwhile, the US MSOs - with the current low valuation and tremendous upside offer a huge opportinuty to not break even, but to actually make you money. Cannabis sector aside - think of the missed opportunites in other sectors such as oil and gas, or lithium, or electronis - or whatever you're missing while you investment sits dead in Tilray for several more years.
If you 'don't need the money' - or arent interested in making money - do you not think you would have done better by investing in TFSA, RRSPs,.......Canada Savings Bonds or jsut a savings account, than to potentially never rocer your $13 loss in Tilray?
Post by
momocauon Dec 17, 2023 8:25pm 
77 Views
Post# 35789096
KELLER TELL YOU
KELLER TELL YOU ((One thing is clear: you would have done a lot better if you had listened to me.))
I did the right thing by not listening to you
EXPLANATION. I owned shares in ZENABIS. When ZENABIS was taken over by HEXO, there was a dilution of shares, instead of selling at a loss as you advised, I did the opposite, I bought other shares in HEXO and I went down My average is $15.00 per share. If I hadn't bought another stock to lower my average I would have been stuck with an average of $109.00 per share. When TILRAY took HEXO there was a dilution and I did the same thing I bought other shares of TILRAY to keep my average around $15.00. ((IT'S CANADIAN SILVER.))
I have never sold a stock and I have NO LOSS I have not sold. I know that I will remake my investment and make a big profit. And you know when you buy stocks at risk it can take a long time to make money. I can wait 1 year, 2 years, 5 years and even more, it's money that I don't need at the moment. Also I would like to tell you if you lost a lot of money with these companies it is not anyone's fault here. Go post about the positions you have invested in, you will feel much better. Good luck my friend.