Tilray Brands Inc (TLRY)

[Bonno]

"We are confident we are leaving the company in good hands in Irwin Simon," the Hexo CEO says on the conference call with analysts

Now it's time for analyst questions.

New: HEXO's accumulated losses crossed the $2 BILLION mark

By revenue stream in Q3 compared to last year:

—Rec sales: $26.5 million (??46%)
—Medical: $647,000 (??28%)
—Int'l: $649,000 (??90%)
—Wholesale: $4 million (up 22%)
—Bevs: $0 (??100%)

Q3 net loss was $117 million.

Flashback: on the day Tilray disclosed its plan to buy Hexo, Tilray reported a C$1.5 billion quarterly loss

Now: Hexo's accumulated losses surpassed C$2 billion on the same day its shareholders approved its sale to Tilray.

I like how Decibel Cannabis chief revenue officer Adam Coates put it to me the other day:

“I think they (larger rivals) were fishing where the fish weren’t”

(though he was referring to certain product types, like beverages)