Could HEXO be a target that TLRY goes after? Or has gone after?
Irwin Simon announced a couple of months ago that TLRY would be adding to Tilray's Canadian market thru adding additional growth within the existing market. Capacity would grow from 12% to 27% with HEXO stable.
HEXO has operations in Canada and 15% of the Canadian Recreational Cannabis market with Redecan, Zenabis, 48 North.
HEXO is also a Global Medical Cannabis supplier with operations in Israel and Malta.
Truss CBD USA, a joint venture by Molson Coors Beverage Company (NYSE: TAP) and HEXO USA Inc, a subsidiary of HEXO Corp (NASDAQ: HEXO), just recently announced the expansion of Veryvell, a line of hemp-derived CBD and adaptogen beverages. Following a successful Colorado launch in 2020, Truss CBD USA now expands Veryvell semi-nationally to be available in 17 states. Sweetwater bought 2 breweries in the exact same city following the HEXO / MOLSON announcement. Fits in perfectly with Sweetwater & Manitoba Hemp.
I could see St Louis leaving if Molson decided on a more seasoned CEO.