Forget Hexo (TSX:HEXO) Stock! This High-Yield Dividend Stock Is a Sure Winner

Hexo’s stock price has tumbled about 80% from its high. Buying cannabis stocks is like going on a roller-coaster ride with your eyes closed — you don’t know when you’ll fall or be upside down in a loop. For more certain returns, invest in Brookfield Property Partners (TSX:BPY.UN)(NASDAQ:BPY). Price action Hexo investors probably don’t care about fundamentals, because the company is…

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Is HEXO Stock a Buy After Restated Earnings?

Cannabis producer HEXO’s (TSX:HEXO)(NYSE:HEXO) stock has been on a strong rebound lately since the start of the new year and the share price closed nearly 16% higher on Wednesday as the pot industry received an Organigram Holdings powered valuation boost. The company recently filed restated financial reports for its fiscal year which ended July 31, 2019 as well as amended…

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Can Hexo (TSX:HEXO) Stock Double Your Wealth in 2020?

Shares of Canada-based marijuana company Hexo (TSX:HEXO)(NYSE:HEXO) are currently trading at $1.98. The stock has lost over 80% since April 2019 and has been one of the worst-performing stocks in the cannabis sector since the start of 2019. But we know that the optimism surrounding Cannabis 2.0 coupled with the rollout of retail stores in Ontario will hold pot companies…

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3 Canadian Stocks Ready to Rise in 2020

Despite the doubters, Canada is still a great country to bet on. The S&P/TSX Composite Index has lagged global benchmarks, because it’s been weighed down by resource companies, which have been in a bear market since 2014. When you strip out oil and gas stocks, the TSX has actually done quite well. In 2020, some high-quality TSX stocks are prepared…

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Rich Stock, Poor Stock: The Tale of 2 Stocks in 2019

The Toronto Stock Exchange (TSX) reached an all-time high of 17,230.58 in December of 2019. There were winners, like AltaGas Canada (TSX:ACI), and a handful of losers that includes Hexo (TSX:HEXO)(NYSE:HEXO). The two companies have contrasting turnouts last year that merit investor attention. Rich stock With its steady performance last year, you can say that AltaGas Canada is one of 2019’s…

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Why Hexo (TSX:HEXO) Is a Better Pot Stock Than Canopy Growth (TSX:WEED)

Pot stocks received a bit of a bump at the start of the year, offering much-needed relief for the troubled industry. Since the summer of 2019, most pot stocks have fallen by at least 50%, yet the new year started with a bang. Canopy Growth Corp (TSX:WEED)(NYSE:CGC), one of the largest publicly traded cannabis companies, popped from $24 to $28.…

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The Time to Buy Is Now: 2 Cannabis Stock Picks for 2020

In 2018, nearly every pot stock went gangbusters, with gains often exceeding 400%. It was a different story in 2019, however, when the entire industry experienced a difficult bear market. But cannabis stocks could stage an epic rebound in 2020. If you’ve been waiting to capitalize, now’s your chance. A few years into the cannabis boom, we’ve learned a lot…

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Why Hexo’s (TSX:HEXO) Stock Offering Is Bad News for Cannabis Stocks

Amid a low-volume trading week in which the markets where only open for three days, Hexo (TSX:HEXO)(NYSE:HEXO) announced an equity offering. On the surface, there is nothing wrong with equity offerings. High-growth companies do it all the time, as they need cash to fund growth. Depending on the size of the company, they may also be limited in their borrowing…

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Warning: Could HEXO (TSX:HEXO) Disappear in 2020?

The TSX Index had a great 2019, but not all Canadian stocks fared as well as the overall market, and some are starting 2020 with an uncertain future. Let’s take a look at the current situation at HEXO (TSX:HEXO)(NYSE:HEXO) to see if it deserves to be on your contrarian buy list. Losing fans HEXO is the leading cannabis company in…

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