RE:RE:RE:RE:Up to $180 million Equity Backstop FinancingIt was announced last June - the re-assurance is that Hexo will be able to make it's financial obligations to the Tilray debt.
Without it - Hexo would default on it's payments - and declare bankruptcy, just like they defaulted on the HT debt payment. Debt is debt - whether it's Tilray or HT, some of you guys think Tilray/Hexo is some kind of cozy partnership - it's not, unless you call a master/servant agreement a 'partnership'.
Tilray - being owed $200 million - would acquire the bulk of Hexo assets for peanuts, just like SNDL got bankrupt Zenabis for peanuts.
TheNewOldtimer - (12/22/2022 7:12:22 PM)
RE:RE:RE:Up to $180 million Equity Backstop Financing
Unlike you Keeler, most people on this forum don't take pleasure in seeing the company and it's shareholders fail. This is to provide re assurance that they have avaikable funds when needed.