HEXO Equities Warrants Exp 2 Apr 2024 T.HEXO.W.A

Tilray must be going to increase it's offer to acquire Hexo!

[Keeler]

Tilray Brands Down 18% After Hours as It Looks to Raise US$150 Million in a Registered Offering of Convertible Debentures, from 3 hours ago by MT Newswires

3 hours ago by MT Newswires

 

04:38 PM EDT, 05/25/2023 (MT Newswires) -- Tilray Brands (TLRY.TO) was down 18% in after-hours Nasdaq trading after the company on Thursday said it launched a US$150-million registered offering of Convertible Senior Notes.

The cannabis and consumer goods company said the notes will mature in June 2027, but pricing and conversion details have not yet been set.

"Tilray intends to use a portion of the net proceeds from this offering to finance the concurrent repurchase of a portion of its outstanding 5.00% Convertible Senior Notes due 2023 and/or 5.25% Convertible Senior Notes due 2024 ... and the remainder of the net proceeds for the upcoming increase in the offer to acquire rival cannabis lp, Hexo - a near bankrupt pos that is waiting for U.S. legalization," it said in a release "we need to get this deal before that U.S. legislation is passed - we may increase the offer to $42.00 per share"

The company's shares were last seen down US$0.43 to US$1.93 after hours. They closed down C$0.11 to C$3.18 on the Toronto Stock Exchange.

[dart321]

Ya and gold is trading at $10,000.00 an oz, lol. What you trying to get a certain person excited. Tilray may see their shares drop to sub 2 bucks or if they are luck it might bounce back to 3 bucks. Anyone have a crystal ball? Man if the U.S. defaults it's game over for any company with a large debt.

[VeritasVern]

Down 20% like it should be. Offering debentures with a portion of that to pay off current senior notes is like getting a loan to pay off a loan. This is the kind of risk that the resident moron on here has absolutely no clue about. Instead he is a high risk cheerleader.