Prior to Tilray acquiring bankrupt Hexo, theHexo board had a group of 5 or 6 promoters, names like quinlash, touran, oldtimer, mommocua, burnout and a few more.
When Hexo's sp went up, these guys got together and used the Hexo board more as a social chat room than an investment board. Of course, when the sp went down - they all disappeared (except for touran and quinlash)
I sure didn't agree with it and chose not to particpate - but some referred to them as 'The Giggly Girls Club', implying the clubhouse was at quinlash's place and they had sleepovers.
Well, now that Tilray has acquired Hexo - it seems like they got more than just the company's assets.
Hope you guys enjoy your Gummies
Anyway - Tilray's sp should drop tomorrow, it's already down .05 cents in after hours trading. Paying debt with equity is a last resort when you dont have the cash - and cant raise via financing.
Just get investors to approve an additonal 300 million shares and who needs cash on hand or profitable operations. Simple Simon gets paid on top line revenue not bottom line profit - and gross margin, doesnt matter - he still gets paid good or bad.