Post by
sthinei on Mar 06, 2022 4:16am
Tilray cwould on industry and hexo
As the number one company out there, I'm not sitting by just to let this industry blow up in Canada," Simon said. "Listen, the car industry used to be a big industry in Canada. The car industry is no longer a big industry in Canada. Canada needs industry." Simon noted he's been chasing Hexo for months for a potential deal with Tilray and didn't mind throwing a lifeline to his closest competitor, even though analysts now expect a full acquisition is all but inevitable. Cantor Fitzgerald Analyst Pablo Zuanic tipped his "chapeau" to Simon for the "creative way" Tilray invested in Hexo, without antagonizing anti-trust regulators but questioned when the company will "feel emboldened enough" to buy the rest of Hexo it already doesn't own. "I'd rather see it get on better footing and I'd rather see the Canadian market change a little," Simon said. "If I had to pay a higher price, I got a lot more visibility and comfort level in doing that because I see the marketplace and I see Hexo in much better shape."
Comment by
rad10 on Mar 08, 2022 8:38am
Yep - Facebook down 50 plus percent. Difference between a FB / meta and MJ penny stocks like Aleafia - one is a cash cow, the other is a cash vacuum. Also doubling down on Euro banks like ING - massive over reaction with minor Eastern European exposure. Magna getting interesting too. lots of quality going on sale... Just need to look under the hood.
Comment by
Highandlows on Mar 08, 2022 3:56pm
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