Cannabis companies Tilray and Hexo revise terms of debt deal

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 92%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Under the amended deal, Tilray would acquire the note from HTI, which includes an outstanding balance of $185 million

have revised the terms of a US$211 million deal the cannabis companies signed that could see Tilray own a stake in its rival.

Under the amended deal, Leamington, Ont.-based Tilray would acquire the note from HTI, which includes an outstanding balance of $185 million, along with any accrued and unpaid interest, for 89.2 per cent of the outstanding balance. The new terms will allow Tilray to convert half of its outstanding common stock of Hexo this month, but the overall deal is not expected to close until at least July 15 and could now take up to Aug. 1 because of the adjustments.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE

Belgique Dernières Nouvelles, Belgique Actualités