Tilray to buy US$211M in Hexo debt for equity ownership

Mugglehead
By Kathryn TindaleMar 3, 2022, 3:57 pm393 pts
In another swing to fix its balance sheet amid falling share prices, Canadian pot producer Hexo Corp. (TSX: HEXO) (Nasdaq: HEXO) says it’s working with its competitor, cannabis giant Tilray Brands, Inc. (Nasdaq: TLRY) (TSX: TLRY), on a new debt financing agreement. On Thursday, the firms said Tilray has…

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