Why Hexo (TSX:HEXO) Stock Fell 19% in June

Heading into June, Quebec-based cannabis producer Hexo (TSX:HEXO) was having a strong year in the markets — up more than 60% on the year. Then it reported third-quarter earnings June 14, and some of the shine came off its stock. Hexo finished the month of June down 19%. Here’s why.  Hexo’s revenue in the third quarter was $13.02 million —…

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Why CannTrust (TSX:TRST) Is a Better Weed Stock Than HEXO (TSX:HEXO)

Things are changing again in the cannabis industry after HEXO (TSX:HEXO) reported the third-quarter fiscal 2019 earnings report ending April 30, 2019, on June 12. Investors reacted negatively to the financial results, as they expected something better. As a result, HEXO’s wings were clipped, and the stock fell sharply by 8.44% to $7.81. The drop of the high-flying weed stock…

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Why Marijuana Edibles Could Be Another Big Disappointment for the Industry

The edible marijuana market is launching in December, but it may not result in the boom that many are hoping or expecting for. Health Canada unveiled its plans for edibles and like its first launch of cannabis products, there will be some significant restrictions for cannabis companies. Not only will advertising remain very limited, but it will create inefficiencies for…

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Should You Buy HEXO (TSX:HEXO) or Canopy Growth (TSX:CGC) on the Dip?

Pot stocks are giving back some of the big 2019 gains, which has investors wondering which marijuana stocks might be the best buys to generate strong returns on the next rally. Let’s take a look at HEXO (TSX:HEXO) and Canopy Growth (TSX:WEED)(NYSE:CGC) to see if one of Canada’s popular cannabis stocks deserves to be in your portfolio. HEXO HEXO’s big…

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Better Cannabis Stock: Hexo (TSX:HEXO) vs. Charlotte’s Web Holdings (CNSX:CWEB)

Choosing between the hundreds of companies looking to profit from the growing cannabis sector isn’t easy. While some might win big in the long run, many others will likely end up on the sidelines at best. Let’s turn our attention to two potential big players in the cannabis sector: Hexo (TSX:HEXO) and Charlotte’s Web Holdings (CNSX:CWEB). Which of these is…

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Better Cannabis Stock: Aphria or Hexo?

If you’re looking to get your foot into the cannabis industry, there are quite a few opportunities out there right now. But not all of them are cheap. There are some stocks that have just soared through the roof, only to come down slightly before levelling out. However that hasn’t been the case for Aphria Inc.  (TSX:APHA)(NYSE:APHA) and Hexo Corp.  (TSX:HEXO). Both…

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Only 1 of These 2 Canadian Marijuana Stocks Is a Solid Buy

U.S.-China trade worries are back in a big way this week, with TSX futures down on the possibility of increased tariffs that threaten to inflame the Sino-American trade war. Risky assets have been taking a battering as a result, with Canadian marijuana taking a hit. Indeed, the wobble in the markets couldn’t have come at a worse time for the…

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Should You Pay $10 for HEXO (TSX:HEXO) Stock?

Investors who bought HEXO (TSX:HEXO) near the end of December have more than doubled their money. The broad-based rally in the cannabis sector to start 2019 has people wondering if they should take profits in their pot positions or add more of HEXO and other marijuana stocks to their portfolios. Let’s take a look at the current situation to see…

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