Keeler wrote: Given that Hexo's 'Centre of Excellence' in the Belleville facility was shut down when Hexo sold it's 25% ownership in the 2 million sq ft facility for $10 million to a company whose majority owner is Hexo Board member (having written off $80 million in facility renovations).
And that Tilray now acts as a third party processor for Hexo products - including soem pre roll products that I hought were processed at Redecan (which is why Hexo spent $1 billion to acquire Redecan).
Is there no more 'Powered by Hexo'?? I mean it was named after a childish Japanese kids shows show about super heroes to begin with, and no-one seems to know what actual partners made use of Hexo's famous 'hub and spoke' business strategy - but I guess it operates at a significantly reduced rate - given the number of employees no longer working there.
And now?
Tilray will also partner with Charlotte's Web - processing CWEB's hemp products for them.
Seems like it's not the "Tilray and Hexo" partnership that pumptards on this board said would result in Hexo being in the 'top 3 IN THE WORLD' after all.
Seems like Hexo is a bit player in Tilray's strategic business plan, just hanging on until Tilray decides to acquire them and end it's painful existence.
BUT I guess we'll see about all this when Hexo updates it's Investor Presentation on it's website - the last oen done was for Q1 and put up in January of 2022. It might be out of date.
Please see below - note my artistic use of colored hi-lites, it's my understanding that some intellectually challenged individuals respond well to colours and I provide this as a service - so that the pumptards on this board who have a limietd attention span will be able to read it all.
Hexo, Tilray finalize cannabis deal for debt purchase, ‘strategic alliance’
By MJBizDaily Staff - Updated - An $18 million annual fee paid by Hexo to Tilray “for advisory services with respect of cultivation, operations, and production matters.”
- Tilray taking on “some production and processing as a third-party manufacturer of products for Hexo.”
- Hexo using Tilray as its exclusive supplier of cannabis products for markets outside Canada and the United States.
- Cost-sharing between the two companies related to “facilities optimization activities, procurement, general and administrative costs,” plus “certain production and processing activities for straight-edge pre-rolls, edibles and beverages.”