Cannabis Producer Hexo Falls on Analyst Downgrade
dropped on Tuesday after the company received a downgrade from Oppenheimer on what the research firm believes is greater gross margin pressure than initially expected. In a research note to clients, Oppenheimer...
Hexo shares slide 3.4% premarket as Oppenheimer downgrades stock to perform from outperform
Shares of Quebec, Canada-based medical cannabis company Hexo Corp. fell 3.4% in premarket trade Tuesday, after Oppenheimer downgraded to stock to perform from outperform and said it sees greater gross...
Innovative Industrial Properties Has a High Valuation
Innovative Industrial Properties' forward EV-to-sales multiple increased to 20.8x in June. The stock was trading at a significant premium to the peer median of 5.8x.
Cannabis Stocks: Do CTST, HEXO, and IIPR Look Cheap?
HEXO (HEXO) and Innovative Industrial Properties were both trading at a premium to the peer median at 27x and 23x, respectively. Innovative Industrial Properties (IIPR) continued to show strength.
Hexo: When the Bulls Aren’t Bullish Enough
Do you own shares of Canadian cannabis company Hexo (HEXO)? If so we've got good news and bad news. (And when we say "we," what we really mean is Canadian investment bank BMO Capital).BMO's...
This Marijuana Top Pick Just Earned a Downgrade
A Wall Street investment bank lowered its price target on this popular pot stock by more than 10%.
CIBC Lowers HEXO’s Ratings and Price Target after Earnings
On June 17, CIBC lowered its ratings for HEXO (HEXO) to "neutral" from its previous "outperform" rating. This move came after HEXO missed earnings expectations on June 12.
Does HEXO Look Attractive after Recent Sell-Off?
Investors sold off HEXO (HEXO) after the company reported lower-than-expected earnings on June 12. The stock has lost nearly 15% since then. After a sell-off, investors often ask whether it is a good time...
HEXO’s Results Weighed Down Cannabis Sector Last Week
Weakness in the cannabis sector continued last week, especially after HEXO (HEXO) reported its earnings on June 12. HEXO's earnings largely disappointed the market, and the stock plunged almost 16%...
The Single Most Important Thing HEXO Said in Its Third-Quarter Report
Hint: It had nothing to do with the company's headline numbers.
One of the country’s lowest-cost producers, HEXO Corp currently has more than 310,000 sq. ft. of production capacity, with another 1,000,000 sq. ft. facility now under construction.
As a leading cannabis producer, we also believe in our corporate social responsibility and how our operations impact the natural and social environment on a local, provincial and national leve