RE:RE:RE:Tilray Brands Misleading PostsVentura2020 wrote:
Oldweed wrote: https://thedeepdive.ca/hexo-corp-defaults-on-secured-convertible-debt-lender-waives-event-due-to-tilray-deal/
Update!
Hexo is a subsidiary of Tilray Brands.
Currently, US$208.7 million remains outstanding under the convertible note. If the transaction were to fall through with Tilray, HEXO would be required to repay 115% of the outstanding principal amount of the debt in cash should the lender elect to not waive the event of default.
Hexo Corp last traded at .70 on the TSX.
Yep, so Tilray paid 120 mil in excise tax in which hurt the bottom line, then they acquired that note of 200+ mil (not sure anyone gets why) so can you confirm if the Hexo excise tax debt was included in that note Tilray acquired, or is there an additional burden to pay? I can see why someone may lose sleep over that if you know the taxman is not waiting any longer for their money! Thus is part of DD, it's not bashing, Tilray may be on top of all this, we will find out soon enough.