Molson Coors and TilrayIn summary (because it's worse than the below)
Molson Coors
- has resulted in quarterly net losses sicne day 1.
- has resulted in Hexo writing off $28 million of it's investment last quarter
- infused beverage have never been what they said they would be in Canada
- US CBD sales have been 'immaterial' and not reported
Molson does not even mention this failed JV (eitehr one of them) in it's MD&A and quarterly reports. The two Truss companies are stand alone - revenues are no longer reported in eitehr Molson or Hexo revenues.
Tilray
- $20 million in annual debt servicing
- $18 million in annual 'advisory fees'
- purchase all product for inter'l sales from Tilray
- processing that used to be done at Belleville is done by Tilray - at a fee
This is hardly a 'parternship' - it's a transfer of debt from High Trail to Tilray, ata cost of 35% ownership of Hexo - plus teh above fees and charges and loss of revenue. It was a lifeline - that only delays the inevitable.
Anyone who ignores these FACTS of reality is a filthy lying paid pumptard