TLRY Brands -HEXO For Sale? Not really!
The Company intends to Sell Hexo's Kirkland Lake property and has the associated capital assets as an "asset held for sale"
Truss up for sale?
Not really!
The company currently intends to divest Truss's assets and has recorded the value of the associated capital assets and lease obligations as "an asset up for sale"
Facility - Belleville, Ontario
Owner - Olegna
Hexo - Sold their 25% share to Olegna (10m)
Hexo - Lease for 10 years (2033) with Olegna with options after that
Truss - Sub leased from Hexo.
Tilray most likely responsible for that lease hence... lease obligations as "an asset up for sale"
Until there is a press release on the future of the property, it's all up in the air (speculation) on what will happen there or if it's is "sold" lease obligations as "an asset up for sale"
Cheers,
V