MJBizMag October 2022 - 11

FIVE QUESTIONS
The amended debt purchase
deal looks like Tilray could
acquire Hexo down the line.
How are you preparing for
that possibility?
We're not operating as one company.
There are rules of engagement to
ensure that things aren't shared,
and there are firewalls up in several
different areas. They are an investor
into our business.
Tilray is a great company. They're
a brand company. We're not a
brand company. We're a cannabis
company, we are a cultivation
company.
We focus on what we do
best, and that's in the areas of
cultivation. From the standpoint of
taking a look at the new products
that (are) coming out, they're
all based on areas of unique
experience for cannabis.
If Tilray one day decides to acquire
us, they're going to acquire the best
cannabis company in the world.
If they don't, then they've made
a great strategic investment to get
a return on their business as our
stock goes up.
In the meantime, the debt
purchase deal with Tilray
helps keep Hexo going. How
has that deal changed how
you're doing business?
The way (Hexo's debt) was
structured to afford to acquire those
companies was not sustainable, so it
had to be reworked.
What it allows us to do is, they
have some very strong areas that
we can tap into for shared services.
And in return for that, I can r
emove (those costs) within
our organization.
We run our own show, we run
our own operations. ... It allows us
to get some synergy, without them
acquiring us.
The debt structure ... was
burning up so much cash, and the
way in which that debt structure
was being paid ... it drove our
stock down.
So, we had to get rid of that
debt structure and the way those
payments were going.
The good news (is) that's now
been resolved.
This interview has been edited for
length and clarity.
Solomon Israel is
a staff writer for
MJBizMagazine. He can
be reached at solomon.
israel@mjbizdaily.com.
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MJBizMag October 2022

Table of Contents for the Digital Edition of MJBizMag October 2022

MJBizMag October 2022 - 1
MJBizMag October 2022 - 2
MJBizMag October 2022 - 3
MJBizMag October 2022 - 4
MJBizMag October 2022 - 5
MJBizMag October 2022 - 6
MJBizMag October 2022 - 7
MJBizMag October 2022 - 8
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