It’s funny - quinlash says Tilray acquied Hexo - overpaying by $250 million - to protect its market share or increase it.
But prior to the acquisition, Hexo had 17% and Tilray had 16% of the Canadian cannabis market.
Two quarters ago - (after the acquisition) Simple Simon boasted that Tilray was #1 in Canada at 13%.
This latest financial reporting stated that, while still #1 - Tilrays market share was just below 10%.
Quinlash should 'run his numbers' through his 'Excel spreadsheet' - because it looks like he has an incorrect formula in there.
Spending $250 million to go from 33% market share to 10% market is neither growing or protecting your market share.
Facts are facts - misleading, false posts like quinlashes are a bit of nonsense and should be ignored brcreaders
Comment by
DuDliedingleon Sep 13, 2024 10:56am 
5 Views
Post# 36222225
RE:Hexo bought Zenabis, they bought overspent
Keeler wrote: on a near bankrupt company, when Hexo bought Redecan they overpaid by hundreds of millions.
Hexo certainly spent $ - they just didn't make $.
Tikray spent $ on Medmen to mak $ - Tilray list every cent and got zero in return
Tilray spent $ on Hexo to make $ - Hexo contributes nothing to the bottom line
Tileay has spent an undisclosed $ on craft brewers - who were failing just like Medmen and Hexo - and they will pump $ into them to make craft beer cool again
All this $ spent to make $
Tilray has lost $3.1 Billion in the last 3 years.
Post by
quinlashon Sep 12, 2024 11:22pm 0 Views
Post# 36221634
Spend $ to Make $
When a company buys out another company they are doing so to capture market share and increase sales. In rare cases they buy other companies to take out a competitor and again gain or protect their market share.
Hey Quin tell us how that gain in cdn market share is working out