Cannabis producer Tilray throws rival Hexo lifeline via $211 million debt purchase, alliance

MJBizDaily
By Matt LamersMar 3, 2022, 1:25 pm209 pts
New York-based Tilray Brands said Thursday it plans to acquire up to $211 million (267.5 million Canadian dollars) in outstanding senior secured notes issued by Hexo Corp., effectively throwing its troubled rival a lifeline and striking an alliance with the Quebec cannabis producer. Cannabis producer Tilray…

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