HEXO's safety net is a Tilray BuyoutTilray is already reported as having made a bid for HEXO at $3 a share, which was rejected. Tilray then went on to take over a good chunk of HEXO's debt for apx $.40 per share through debentures.
It would be anybody's guess if Tilray will attempt something of a hostile takeover of HEXO through buying shares on the open market or by making another offer to buy them out.
Regardless... however this should play out I can't see a Tilray offer coming in lower than current shareprices therefore I will not be selling a single share and will continue to add each month as I have been as long as I can do so under my current Dollar-Cost-Average.
Outside of all that I had always planned to wait for US Legalization therefore... I wait.
Q
- Long on HEXO