quinlash is now saying he didnt post about a Tilray buyout? But I disagree - I think he did post about Tilray buying out Hexo.
And in my opinion - he posted misleading inaccurate information when he did.
Hexo owes Tilray $200 million - why would Tilray pay ANYTHING additional fro Hexo - when all they have to do is wait for Hexo to decalre bankruptcy and they'll acquire the assets/facilties for nothing.
Just like SNDL got the Zenabis facilties (and $30 million in inventory) for nothing - Hexo investros got ZERO when Zenabis declared bankruptcy.
"The simple fact is that if Tilray makes another run at buying out HEXO Corp, and this is done by buying shares on the open market, then Tilray will be buying shares slightly over the market price and continuing to buy until they have enough shares to control the company.
If you wish to look at the share consolidation in terms of what has happened in the past you will also have to consider this reality...\
Tilray made a play for hexo for $3 per share PRIOR to the consolidation therefore this is now $3 x 14 = $42 / Share"