RE:Looks Like !The focal point of the proposed arrangement will see Tilray Brands acquire up to US$211 million in senior secured convertible notes issued by Hexo last year to HT Investments MA LLC. Tilray has proposed purchasing the debt at 95% of the outstanding principal balance. Upon acquiring the debt, the debt will be extended by three years to May 1, 2026, providing Hexo with breathing room, while the conversion rate is set at $0.90 per share, which implies up to 37% ownership of Hexo at current rates.