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Eventually something will pass, and then the rally will continue.
Tilray up 10% and nobody posts?!?
Looks like $3 is the new bottom and we might be done with Tilray in the $3s, load up while they're still cheap
Looking good. Those waiting for sub three are chasing.
Ok. Thanks for the words of wisdom lol
***** Hummm I thought TLRY was going under 2 bucks
Lowest It reached I believe $3.04 dollars ?
Yup buy and sell , make money !!!
Never HODL
Trading 101
ENUFF SAID
Sure I did. TLRY, the gift that keeps on giving.
***** Hummm I thought TLRY was going under 2 bucks
Lowest It reached I believe $3.04 dollars ?
Yup buy and sell , make money !!!
Never HODL
Trading 101
ENUFF SAID
Not bad, flipped this turd again for 23% gain to use on another ticker. TLRY, the gift that keeps on giving.
Biden Says He's 'Working On' Fulfilling Marijuana Campaign Pledge To Free Prisoners: "I don't think anyone should be in prison for the use of marijuana." https://t.co/xIndYXUQn5
— Marijuana Moment (@MarijuanaMoment) July 17, 2022
Easy money flipping this turd to use on another ticker……..lmao
***** Hummm I thought TLRY was going under 2 bucks but I bot again just over 3 bucks and sold most again for more massive gains
Lowest It reached I believe $3.04 dollars ?
Yup buy and sell , make money !!!
Never HODL
Trading 101
ENUFF SAID
This turd should be ready to flip again this week.
*****LOL ! YUP 1 insider sold 1 million worth of shares this year that's it period - hardly a big deal for this huge company
BTW I dont care since I own zero shares currently
Will buy back again on the huge dips then sell for a profit
ENOUGH SAID !
Statement of Changes in Beneficial Ownership (4)
07/07/22
7/5/2022 Sell (1) 350000 @$3.0905
****Insiders buying , beware only a matter of time TLRY runs again
ENOUGH SAID
Amid stagnating growth in some older state cannabis markets, U.S. companies are looking to Canada’s hotly contested industry for future growth.
Executives from technology and events firms as well as beverage and edibles businesses told Bonno they find Canada’s centrally regulated market appealing.
The growth prospects also are attractive.
According to New York-based Cantor Fitzgerald, Canada’s recreational cannabis market grew 21% in the second quarter on a year-over-year basis, while the financial services firm estimates U.S. growth will be just 1% during the same period.
The U.S. companies are wading into Canada cautiously by leveraging relatively cheap assets, partnerships and licensing arrangements.
By contrast, U.S. multistate operators – for now – are steering clear of Canada’s falling cannabis prices, and a market awash in inventory.
Bonno story showcases a number of U.S. companies that have headed north, and speaks with executives to get their reasons for doing so.
Dreaming for legislation is nothing more then a pipe dream, no pun intended.
Seems they are trying to make a connection with the mass shootings and cannabis.
It’s absurd to wish for legislation. This is going to hurt a lot of dreamers.
I hate to see it.
Sell now…. $3 is way better that $1or $2…..
***** Hummm I thought TLRY was going under 2 bucks
Lowest It reached I believe $3.04 dollars ?
Yup buy and sell , make money !!!
Never HODL
Trading 101
ENUFF SAID
This turd is crashing again, imagine that.
Why are you so sure? Can you explain without being influenced by the few posts here?
Ok….your hanging in there, no problem. Good luck to you. I’m sure the turnaround is near………
*****Yup ! I made huge bank flipping another comparitive junk stock then investing it here and cashed out 75 % today on TLRY for more huge gains
BUY THE DIPS SELL DA RIPS
RINSE AND REPEAT
ENOUGH SAID ? NA I
***** Hummm I thought TLRY was going under 2 bucks but I bot again just over 3 bucks and sold most again taday for more massive gains
Lowest It reached I believe $3.04 dollars ?
Yup buy and sell , make money !!!
Never HODL
Trading 101
ENUFF SAID
As long you make $$$ is what matters.
Im long TLRY HEXO MMNFF
I just couldn’t resist, flipped this turd today. I’ll use that gain elsewhere.
This will not change the sentiment of investors - be careful, I'm talking about investors and not short traders.
No, will not be disastrous-
I will take all the $3 shares I can. Sign me up.
Earnings will be disastrous at the end of the month. The low $2s are coming.
Sell now, wait 60 days…. Buy back in.
Trading 101.
JMO
IMO stupid move A net loss of CA$953 Million for FY22
Revs of ~CA$250 mil for FY22
HEXO in Canada only?
It’s all about USA MJ legislation and the US market; which is how many times bigger than Canada?
Tomorrow....we explode.
Tilray Brands Announces Closing of Transaction with HEXO, Laying Groundwork for the Next Evolution of Canadian Cannabis
July 12, 2022 at 4:01 PM EDT
https://ir.tilray.com/news-releases/news-release-details/tilray-brands-announces-closing-transaction-hexo-laying
Alliance Looks to Enhance Consumer Experience and Strengthen Tilray Brands’ Potential for U.S. Federal Legalization and International Expansion
Transaction Expected to Immediately be Revenue, EBITDA and Cash-Flow Positive, and Accretive to EPS for Tilray Brands
LEAMINGTON, Ontario, July 12, 2022 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (“Tilray Brands” or the “Company”) (Nasdaq | TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today announced that the Company has closed its previously-disclosed acquisition from HT Investments MA LLC (“HTI”) of the secured convertible note (the “HEXO Note”) issued by HEXO Corp. (“HEXO”).
Irwin D. Simon, Tilray Brands’ Chairman and CEO, said, “We are excited to close on this strategic transaction and alliance with HEXO, which is expected to provide several financial and commercial benefits, including substantial cost-savings synergies, increased strength in product innovation to capitalize on for market opportunities in Canada and internationally, along with the U.S., upon federal legalization. This is a unique opportunity to realize our vision to enhance consumer experience and lay the groundwork for the next evolution of Canadian cannabis.”
Charlie Bowman, HEXO’s President and CEO, added, “Closing this transaction with Tilray will provide HEXO with the financial flexibility needed to accelerate our operational turnaround and put us on the path to profitable growth. We are confident that the savings and production efficiencies we are able to realize between the two companies will reset the industry.”
Financial and Commercial Benefits:
Substantial Savings: The strategic alliance between Tilray Brands and HEXO is expected to deliver up to $80 million of shared cost-savings within the next two years. Both companies have identified operational and production efficiencies with respect to cultivation and processing services, including pre-rolls, beverages and edibles, as well as shared services and procurement.
Accretion: As a result of the substantial savings, as well as the annual advisory fee, the acquisition of the HEXO Note by Tilray Brands will be immediately accretive to the Company.
Strengthening Product Innovation in Canada and International Markets: Tilray Brands and HEXO bring together industry leading expertise in the global cannabis industry, including cannabis cultivation, product innovation, brand building, and distribution. Leveraging both companies’ commitment to innovation and operational efficiencies, both companies will provide their respective expertise and know-how to strengthen market positioning and capitalize on opportunities for growth through a broadened product offering and accelerated CPG innovation. These efforts will also provide benefits to the U.S. market, upon potential federal legalization.
Transaction Details
Tilray Brands acquired the HEXO Note from HTI, which has a current principal balance of $173.7 million outstanding. The purchase price paid to HTI for the HEXO Note was $155 million, reflecting a 10.8% discount on the outstanding principal balance.
The conversion price of the HEXO Note of CAD$0.40 per share, implies that, as of July 11, 2022, Tilray Brands would have the right to convert into approximately 48% of the outstanding common stock of HEXO (on a non-diluted basis).
The purchase price was satisfied, in part, by Tilray Brands’ issuance to HTI of a new $50 million convertible unsecured note (the “Tilray Convertible Note”) and approximately 33.3 million shares in Class 2 common stock of Tilray Brands. The Tilray Convertible Note bears interest at a rate of 4.00% per annum, calculated and paid on a quarterly basis and matures on September 1, 2023. HEXO did not receive any proceeds as a result of Tilray Brands’ purchase of the HEXO Note from HTI.
Tilray Brands has nominated two directors to HEXO’s Board of Directors (“Board”) and one Board observer.
Commercial Agreements
Tilray Brands and HEXO also entered into certain commercial agreements covering the following key areas; (i) each party will complete production and processing as a third-party manufacturer of certain products for the other party; (ii) HEXO will source its cannabis products for international markets, excluding Canada and the US, from Tilray Brands; and (iii) HEXO and Tilray Brands will share savings related to specified facilities optimization activities, procurement, general and administrative costs, including insurance and certain shared services, and certain production and processing activities for straight-edge pre-rolls, edibles and beverages. The commercial agreements further provide that HEXO shall pay Tilray Brands an annual fee of $18 million for advisory services with respect to cultivation, operation, and production matters.
Early Warning Reporting Disclosure
In connection with Tilray Brands’ acquisition of the HEXO Note, Tilray Brands announces, pursuant to applicable requirements of Canadian securities laws, that it has acquired the right to convert the HEXO Note into approximately 48% of the outstanding common stock of HEXO, on a non-diluted basis (the “Acquisition”). Prior to the Acquisition, Tilray Brands did not beneficially own or control any of the common stock of HEXO.
Tilray Brands completed the Acquisition for investment purposes and for strategic reasons, including in connection with its negotiation around the commercial agreements which will enable the realization of shared cost-saving synergies and the other benefits described above.
Although not in its present plans, from time to time, Tilray Brands may hold discussions with HEXO’s management, its board of directors, other stockholders, and other relevant parties concerning the business, operations, board composition, management, strategy and future plans of HEXO. Depending on various factors including, without limitation, the results of any such discussions, HEXO’s financial position and business strategy, the status of the HEXO Note, the availability of securities of HEXO that would make the purchase of such securities desirable, conditions in the securities market and general economic and industry conditions, other investment opportunities, the liquidity requirements of Tilray Brands, and so forth, Tilray Brands may consider from time to time various alternative courses of action with respect to increasing or decreasing its ownership, control or direction over HEXO securities. Tilray Brands reserves the right to acquire (whether by conversion of the HEXO Note or otherwise) additional securities of HEXO, including without limitation Common Shares, and/or to dispose of any or all of its interests under the HEXO Note (or any securities of HEXO acquired in connection with the conversion of the HEXO Note). There can be no assurances that Tilray Brands will pursue or consummate any of these transactions. Any such transaction referred to in this paragraph would be made in compliance with all applicable laws and regulations.
A copy of the early warning report required to be filed by Tilray Brands in connection with the acquisition will be filed on SEDAR and made available under HEXO’s issuer profile on SEDAR at www.sedar.com.
About Tilray Brands
Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), is a leading global cannabis-lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is changing people's lives for the better – one person at a time. Tilray Brands delivers on this mission by inspiring and empowering the worldwide community to live their very best life and providing access to products that meet the needs of their mind, body, and soul while invoking wellbeing. Patients and consumers trust Tilray Brands to deliver a cultivated experience and health and wellbeing through high-quality, differentiated brands and innovative products. A pioneer in cannabis research, cultivation, and distribution, Tilray Brands’ unprecedented production platform supports over 20 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages.
For more information on Tilray Brands, visit www.Tilray.com and follow @Tilray
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this communication that are not historical facts constitute forward-looking information or forward-looking statements (together, “forward-looking statements”) under Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be subject to the “safe harbor” created by those sections and other applicable laws. Forward-looking statements can be identified by words such as “forecast,” “future,” “should,” “could,” “enable,” “potential,” “contemplate,” “believe,” “anticipate,” “estimate,” “plan,” “expect,” “intend,” “may,” “project,” “will,” “would” and the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Certain material factors, estimates, goals, projections or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this communication. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: accretion related to the HEXO transactions; expected production efficiencies, strengthened market positioning and potential cost saving synergies resulting from the transactions and agreed commercial arrangements; the Company’s ability to commercialize new and innovative products; and HEXO management’s stated expectations for its operational turnaround and growth in global markets. Many factors could cause actual results, performance or achievement to be materially different from any forward-looking statements, and other risks and uncertainties not presently known to the Company or that the Company deems immaterial could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. For a more detailed discussion of these risks and other factors, see the most recently filed Annual Report on Form 10-K (and other periodic reports filed with the SEC) of Tilray Brands made with the SEC and available on EDGAR. The forward-looking statements included in this communication are made as of the date of this communication and the Company does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.
For further information:
Media: Berrin Noorata, news@tilray.com
Investors: Raphael Gross, +1-203-682-8253, Raphael.Gross@icrinc.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/40bf3659-82be-43c5-ad23-792060504d85
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