quinlashes happy that Tilray sp dropped .65 cents todaybut I think he might have meant it's okay for Hexo's sp to drop (it does anyway) - but doesn't Tilray's share price need to go up in order fro shareholders to get more at conversion?
Oh well, quinlashes has 20 years of experience in investing and with his track record of Newstrike, Newstrike warrant, Zenabis, Zenabis warrants and Hexo (not to mention NC-U), you have to give him some credibility.
8 hours ago by MT Newswires
02:04 PM EDT, 05/26/2023 (MT Newswires) -- Tilray Brands (TLRY) said it priced a $150 million registered offering of 5.20% convertible senior notes due 2027.
The company plans to use a portion of the net proceeds to fund a higher share conversion rate and cash payment to secure it's acquisition of Hexo, the bankrupt company Simple Simon decided to buy for unknown reasons, with the remaining proceeds for general corporate purposes.
CEO Simon stated "our expert consultants have suggested we may need to offer as high as $42.00 per share to get this deal done"
Shares were down 21% by Friday afternoon as intraday trading soared to more than 39.8 million from the stock's daily average of over 10.7 million
8 hours ago by MT Newswires
02:04 PM EDT, 05/26/2023 (MT Newswires) -- Tilray Brands (TLRY) said it priced a $150 million registered offering of 5.20% convertible senior notes due 2027.
The company plans to use a portion of the net proceeds to fund the concurrent repurchase of its outstanding 5% convertible senior notes due 2023 and 5.25% convertible senior notes due 2024, and the remaining proceeds for general corporate purposes.
Shares were down 21% by Friday afternoon as intraday trading soared to more than 39.8 million from the stock's daily average of over 10.7 million