RE:RE:RE:HEXO CORPRedecan approached HEXO... no the other way around, there was no "Sucking In", they wanted to work with HEXO and it was reported that they had a better deal but still opted to continue on with joining forces with HEXO Corp.
quinlash wrote: The Redecan deal was valued at $7.53 per share, had they been worried about the SP they would have backed out of deal, they did not. The deal closed despite the current SP of HEXO. This tells me they are in for the long haul, in for the future success of their teaming up with HEXO and in for the future potential of the Cannabis sector as a whole.
As a long term investor... it tells me that my own long term strategy is likely the better strategy so I continue to hold, despite the SP now having fallen below my own averages and as it has for Redecan considering the original value per share that the deal was priced at.
GLTA
Q