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Friday, 07/29/2022 12:26:39 PM

Friday, July 29, 2022 12:26:39 PM

Post# of 15897
Can Anyone Explain HEXO "Acquisition"?

https://www.globenewswire.com/news-release/2022/07/12/2478529/0/en/Tilray-Brands-Announces-Closing-of-Transaction-with-HEXO-Laying-Groundwork-for-the-Next-Evolution-of-Canadian-Cannabis.html

HEXO - first nine months of its 2022 financial year to CA$953.8 million.

https://mjbizdaily.com/cannabis-producer-hexo-loses-ca146-million-in-quarter-sees-executive-exodus/

Hexo Corp. reported a net loss of 146 million Canadian dollars ($112 million) for its February-April quarter, bringing the Canadian cannabis producer’s loss for the first nine months of its 2022 financial year to CA$953.8 million.



TLRY Conference Call - claim of "free cash flow positive" by FY23
https://seekingalpha.com/article/4526935-tilray-brands-inc-tlry-ceo-irwin-simon-on-q4-2022-results-earnings-call-transcript

So, how will TLRY become free cash flow positive by FY23; when HEXO is losing almost CA$250 Mil per quarter??

Everything posted is MY OPINION! I am making NO buy or sell recommendations here! DO YOUR OWN DUE DILIGENCE!

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