More revisionist history by quinlash - in this case, he's simply lieing to himself., delusional and in denial of reality.
Some of the companies he mentioned included 48n which has shut down, Newstrike - which Hexo acquired and promptly sold 6 months later. Redecan - at one point held #1 in pre-rolls but has since lost that title.
Zenabis? Accounted for 90% of Hexos inter'l sales - subsequently lost to SNDl via bankruptcy court, along with two grow facilities - one of which was EU-GMO certified as well as $30 million in inventory.
Truss Canada - supposedly #1 in beverages was sold off, along with their facility. B9 in Gatineau now grows veggies - but is also held for sale, along with the vacant, never used Quonset in Fort Collins.
Quinlash allowed his Hexo shares to convert to Tilray, even though everyone told him he would get more if he SOLD his Hexo shares and used the cash to buy Tilray shares.
Given the Hexo share price was .15 cents at conversion and his average cost was just under $10.90 - quinlash will need to rise to $20 just for quinladh to break even on his Hexo investment.
Hexo - once reporting $180 million in annual revenue on its own - now contributes under $10 million per quarter to Tilrays total revenue.
You would have to be delusional to think you were somehow ahead in the game, given the facts and reality of it.
Comical
Post by
quinlashon Oct 06, 2024 4:37pm 48 Views
Post# 36255294
RE:Tilray bought bankrupt failed companies
Tilray purchased serval companies. Those companies provided Tilray with established sales channels into overseas markets, established brands and IP which is critical to cannabis producers throughout North America.
Tilray also bought out drink companies which allowed them to announce the launch into the US
The portions of those business that they didn't need they sold off.
I am well aware of Hexo as I owned shares and held through the takeover, my shares transferred over to TLRY and jacked up my TLRY average impressively (not that it was a happy kind of impressive).
The HEXO product line now being under TLRY is a contributing factor for me remaining Bullish on TLRY