Earlier this month, it was announced that Tilray had reached an agreement with HT Investments to acquire the Hexo debt. Under the terms of that arrangement, Tilray would acquire up to US$211 million of the senior secured convertible notes at a 95% of the value. As part of the agreement Tilray has agreed to modify certain aspects of the debt, including the maturity date of the loan, the removal of covenants related to EBITDA targets and liquidity requirements, as well as a modification on the terms of repayment.