Tilray Brands Inc TLRY

$229M for HEXO

[CentreIce24]

Tilray is assuming the HEXO debt as part of the acquisition ($173M) then add in the $56M purchase price on the shares and they are paying $229M for a company at a $86M annual run-rate and negative EBITA.

Seems like an insane price to pay in the current market

Time will tell but that is huge amount of pre-rolls that need to be sold
Which is pretty much all that HEXO brings to the table and even at that they had to buy that by buying Redecan

GLTA
Cheers

[CaneIsAbel]

CentreIce you are no fool. You know the Ebida no longer applies when Tilray takes over production. You know we received interest payments in the millions 12 million in cash plus 26 million on a waiver. We amended the agreement mid way to better favour us.  Much of Hexos negative was paying us these past quarters and Hexo has a very popular line up Tilray now owns. We can push for some of the

[CentreIce24]

Seems the markets are not in agreement  Just another RED day on the road to $2cdn or below As for a very popular line up...meh If they were that popular or good then they wouldn't have lost a huge amount of market Most if not 99% are shite The only thing they bring to the table of any substance is the pre-roll automation, which they had to purchase by buying Redecan Just Saying GLTA

[Keeler]

I think it was less than 3 years ago that Hexo had #1 market share at 17%. Today they're around 4% mamrket share - and have seen declining sales for 9 quarters in a row and no handle on cogs yet. Yes - Hexo products are flying off the shelf.