TSX:HEXO.W.A - Post by User
Comment by
Keeleron Dec 23, 2022 3:03pm
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Post# 35190210
RE:RE:RE:RE:Up to $180 million Equity Backstop Financing
RE:RE:RE:RE:Up to $180 million Equity Backstop FinancingThe funds - $5 million a month max - go into Tilray's bank account as they repay the debt Hexo owes. There isnt left for revenue generation - which is one reason why Truss USA shut down, Hexo had no money and Molson didntw ant to invest anymore into a dead JV
Rotaluceps - (12/23/2022 2:57:25 PM)
RE:RE:RE:Up to $180 million Equity Backstop Financing
TheNewOldtimer wrote:Reinforce that Hexo will have access to necessary funds.
What use for the funds if they can't generate positive but instead declining revenue. I am not talking about profit here but revenue.