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Tilray and Hexo upgraded at Canaccord Genuity after new partnership

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In the wake of the new strategic alliance formed by Tilray (NASDAQ:TLRY) and Hexo (NASDAQ:HEXO), Canaccord Genuity raised its recommendations on the two Canadian licensed producers on Friday, citing the recent decline in the company

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Comments (15)

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Hexo brings in new management, and they immediately get a more amicable partner on the debt. The old management wasted too much money and eroded value. Hexo stock has been a disaster.
SANCH3Z profile picture
SNDL got other firms shook!
treespace profile picture
How is TLRY different than a tea, coffee or avocado grower? It's a cheap commodity you can grow in a planter like tomatoes. Isn't this an over-taxed, unprofitable version of Celestial Seasonings?
@treespace not that easy
treespace profile picture
@User 11887391 And the reasons it's not that easy are top secret so you've chosen not to share any actual facts out of respect for secrecy. Meanwhile, sure looks easy. Tilray isn't anything more than a wholesale distribution and branding exercise.

There is no currently no moat. You can build a moat based on consumer brand trust (hard to acquire but sticky once you've established it) and then you have the economics of scale for a perishable, plant-based consumable product. Hostess, Pepsi, Lays, Nestlé, throw in beauty products, dietary supplements and and so on. Simple products, difficult to scale and capture marketshare.

TLRY could get stomped on by any number of planetary scale behemoths, and you're left with diddly squat. Splat! it's over.
Cannaccord Genuity is a Pump Artist , for the Canadian Investment Co.'s here in the U.S. ( It seems ) , at least to me .. ( I could be wrong ) ..
They have extensive investments in the U.S. market , through the Canadian markets , that they helped broker , and Have involvements through a couple of Ex employees ( It Seems ) ..
They gain shares / warrants / options , by making and approving MJ deals ...
They have " Vested Interests " in many MJ Co.'s , Soooo , thanks for approving the Tilray Deal , and increasing YOUR price targets ...
It really means a lot ...
Good Luck to all invested ..
@Balaland nothing like seeing a PT upgrade from canaccord but also a sell wall on the l2 well below
Two drunks trying to hol each other up on a street corner
Ice_Kold profile picture
@JD 314 ouff, it's scary how accurately that depicts the situation.
Tilray in a 2 year free fall...what’s the 22 million dollar ceo doing for shareholders?
newchicago09 profile picture
Hexo is such a garbage company ran by incompetents.
@newchicago09 They all are.
treespace profile picture
@newchicago09 Getting high on their own supply instead of attending to the business.
@newchicago09 Truest words said all week. HEXO has been the worst investment I have ever made. Terrible loss of $$$

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