IF YOU HOLD HEXO YOU HAVE TO READ THIS FACTS!!!!!!!!what follows is my reply to another user on here who is critically misinformed and making comparisons that are not fair follow the links at least listen to the interview with hexo ceo and molsons ceo that was released august the 1st when the deal was originally announced the 6$ has been public knowledge for months i believe in this company 100% please read my comments do the math and verify the accuracy i have left the most relevant links in the post you all seem to know very little about this company
https://www.bnnbloomberg.ca/video/molson-hydropothecary-cannabis-joint-venture~1452693 ¨
you are either uninformed or dull whichever it is is of no consequence first off comparing the second injection into canopy from constellation to the first cash injection of molson is not fair here is the news release for first cash injection of stz https://www.newswire.ca/news-releases/canopy-growth-establishes-groundbreaking-strategic-relationship-with-constellation-brands-654060453.html now lets do a little math shall we the deal for canopy was originally announced on oct the 17th the day before canopy was trading at 13 dollars constellation was investing their own money in at 12.97 a share so they were actually buying in lower then the current share price THE DAY THE DEAL WAS ANNOUNCED. They purchased 9.9 percent of the company for a total of 245 million dollars. NEXT AUGUST THE 1ST WHEN MOLSON AND HEXO ORIGINALLY MADE THE DEAL BTW just the day before hexo was trading slightly above 4$ a share Molson and hexo announced the price of 6$ which was a premium of nearly 50%(heres the interview of august the first with both ceos https://www.bnnbloomberg.ca/video/molson-hydropothecary-cannabis-joint-venture~1452693 ) this purchase of warrants would be for just under 5% of the company amounting to you said 69million dollars hexo has a lower market cap then canopy that is why they got less money in all fairness the deal hexo got was way better if you just break down the numbers hexo had never even been at 6$ when it was first announced just because the share price blew up the last couple of months doesnt change where it started from good luck to you sir
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.hexo&postid=28748278#s8LZBWtp0xSCosXO.99¨