Post by
quinlash on May 22, 2023 12:46pm
RE:RE:HEXO + Tilray -> Realtime Pricing in US Dollars
Dart... you seem to think everyone is a day-trader, this is simply not true. Some folks think long term and look towards what will eventually happen. Here is a reality for you (from the long-term view). HEXO has superior products to competitors within the marketplace. If they did not then Tilray would never have invested the $400 Million into the debenture deal with HEXO and certainly would not be making a bid to merge with HEXO Corp. I noted several times I had the products reviewed on my own so a take-over bid for the company comes as no surprise to me (strong brands tend to win out long-term).
Assuming the merger is voted through the products / brands etc owned by HEXO Corp start to contribute to the success of Tilray Brands. This is a plus for Tilray and will not only contribute to the sales figures but will do so in terms of better profit margins as many of the overhead costs currently carried by HEXO dissappear (debt carry fees, salaries of HEXO Management, overlapping staff etc)
If you want to day-trade and play the daily swings then knock yourself out, your profits and losses mean absolutely nothing to my own investment and I alraedy noted that I am holding for US Legalization. The movements in the SP (to me) means very little until we get to a point where more investors start coming into the sector and Shareprices make (what I expect) will be considerable improvements.
New investors coming in are free to start positions in either of the two stocks, HEXO or TLRY. For that matter they are free to sit on the sidelines as well or pick any other Cannabis Play they like.
DYODD
Q
- Long on HEXO