Aleafia Health Inc ALEAF

Tilray cwould on industry and hexo

[sthinei]

As the number one company out there, I'm not sitting by just to let this industry blow up in Canada," Simon said. "Listen, the car industry used to be a big industry in Canada. The car industry is no longer a big industry in Canada. Canada needs industry." Simon noted he's been chasing Hexo for months for a potential deal with Tilray and didn't mind throwing a lifeline to his closest competitor, even though analysts now expect a full acquisition is all but inevitable. Cantor Fitzgerald Analyst Pablo Zuanic tipped his "chapeau" to Simon for the "creative way" Tilray invested in Hexo, without antagonizing anti-trust regulators but questioned when the company will "feel emboldened enough" to buy the rest of Hexo it already doesn't own. "I'd rather see it get on better footing and I'd rather see the Canadian market change a little," Simon said. "If I had to pay a higher price, I got a lot more visibility and comfort level in doing that because I see the marketplace and I see Hexo in much better shape."