|Bid||0.9200 x 0|
|Ask||0.9300 x 0|
|Day's Range||0.9000 - 0.9500|
|52 Week Range||0.5000 - 9.0200|
|Beta (5Y Monthly)||1.66|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar. 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.26|
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (15,236.21, up 43.38 points.)Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 56 cents, or 2.23 per cent, to $25.71 on 21.6 million shares.HEXO Corp. (TSX:HEXO). Health care. Up eight cents, or 9.41 per cent, to 93 cents on 11.6 million shares.Freegold Ventures Ltd. (TSX:FVL). Materials. Up nine cents, or 18 per cent, to 59 cents on 9.1 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up half a cent, or 1.12 per cent, to 45 cents on 6.8 million shares.Air Canada (TSX:AC). Industrials. Up 51 cents, or 3.21 per cent, to $16.41 on 6.4 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down half a cent, or 1.15 per cent, to 43 cents on 6.2 million shares.Companies in the news:Bombardier Inc. — Bombardier Inc. has completed the sale of its regional jet business to Mitsubishi Heavy Industries Ltd. for US$550 million, cementing the plane maker's departure from commercial aviation following a three-decade run. The sale of its CRJ aircraft series paves the way for Bombardier to focus on its sole future income stream — private jets — as the company ramps production back up following factory closures during the COVID-19 pandemic, which cost the company up to US$800 million last quarter.BCE Inc. (TSX:BCE). Down 12 cents to $57.11. Bell Canada will sell most of its data centres for $1.04 billion to California-based Equinix Inc., which provides locations to house equipment for cloud computing and internet services. Montreal-based Bell, the main subsidiary of BCE Inc., will also form a partnership that provides about 600 clients of Bell Business Markets with full access to the Equinix platform. Lin said Equinix has been operating in Canada for about a decade, mostly in the Toronto area, but sees the acquisition as a way to expand geographically and gain more than 500 new customers currently with Bell.Reitmans (Canada) Ltd. (TSX:RET.A). Unchanged at 7.5 cents. Reitmans (Canada) Ltd. will close two of its retail chains and lay off roughly 1,400 workers as the company continues a restructuring amid the pandemic. Montreal-based Reitmans said Monday that it will shutter its 77 Addition Elle stores on Aug. 15 and 54 Thyme Maternity locations on July 18. The company will liquidate the brands' merchandise and wind down their websites when the stores will close. As part of the closures, about 1,100 retail and 300 Montreal head office workers will lose their jobs.Lundin Gold Inc. (TSX:LUG). Down 42 cents or 3.4 per cent to $12.03. Lundin Gold Inc. says it is moving to restart operations at its Fruta del Norte project in Ecuador after suspending operations on March 22 due to the pandemic. The company says it has started moving supplies to the mine. It has also instituted a strict protocol for personnel movement. The company says a seven-day quarantine period followed by a negative test for the virus is required before an employee or contractor will be allowed to enter Fruta del Norte. While operations have been suspended, Lundin says workers have been carrying out several projects and maintenance work in preparation for the restart of operations.Cineplex Inc. (TSX:CGX). Down 56 cents, or 3.8 per cent to $13.99. Cineplex Inc. says the Investment Canada Act review of its deal to be acquired by Cineworld Group has been extended to June 15. The review period had been set to end Monday. The deadline to complete the $2.8-billion sale of the company to Cineworld is June 30. The deal is subject to several conditions including approval under the Investment Canada Act. Cineplex says if the conditions are not satisfied or waived by the deadline the deal will not be completed. The company, like nearly all movie exhibitors, has faced a virtual shutdown since mid-March.This report by The Canadian Press was first published June 1, 2020.The Canadian Press
HEXO Corp (“HEXO” or the “Company”) (TSX:HEXO; NYSE:HEXO) is pleased to announce it has received its Health Canada licence amendment for the sale of dried and fresh cannabis, cannabis extracts, cannabis topicals and edible cannabis products for its cannabis manufacturing and processing facility in Belleville, Ontario. “Receiving the sales license for our Belleville facility is extremely positive news for HEXO and Truss, our joint-venture with Molson Coors Canada,” said Sebastien St-Louis, CEO and co-founder of HEXO. “This license allows us to increase our processing capability significantly, achieve greater economies of scale, and continue to roll out more innovative 2.0 products across all of our brands Powered by HEXOTM, including hash, vapes, cannabis beverages, and other edible cannabis products.”
Hexo Corp (TSX:HEXO)(NYSE:HEXO) and Aphria Inc (TSX:APHA)(NYSE:APHA) could be better buys in the growing industry.The post Interested in Aurora Cannabis Stock? Try These Companies Instead appeared first on The Motley Fool Canada.
CALGARY, May 27, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (CSE:ISH.CN - News), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced Retail Operator Licences ("ROLs") have been secured for a number of franchise partners who now meet Ontario's eligibility criteria for operating cannabis outlets in the province. The ROLs were granted by the Alcohol and Gaming Commission of Ontario ("AGCO") as part of the regulator's plan to expand the number of legal cannabis retail stores in the province. Earlier this month, the Company announced it had secured a ROL for corporate-owned Spiritleaf retail cannabis stores in Ontario.
The marijuana sector is currently out of favour. Growth investors can now secure incredible bargains like Hexo Corp (TSX:HEXO)(NYSE:HEXO).The post Growth Investors: This Pot Stock Can Hit $1 Billion appeared first on The Motley Fool Canada.
HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced the closing of its previously announced underwritten public offering (the “Offering”) for total gross proceeds to the Company of C$57,546,000. The Company sold 63,940,000 units of the Company (the “Units”) at a price of C$0.90 per Unit under the Offering, including 8,340,000 Units sold pursuant to the exercise in full of the underwriters’ over-allotment option. Each Unit is comprised of one common share of the Company and one half of one common share purchase warrant of the Company.
Reitmans Canada (TSX:RET.A) has officially declared bankruptcy. Here are some other toxic investments that may join it — stocks you'll want to avoid. The post This Iconic Canadian Company Just Declared Bankruptcy: Will These 3 Be Next? appeared first on The Motley Fool Canada.
TORONTO , May 19, 2020 /CNW/ - Trading resumes in: Company: HEXO Corp. TSX Symbol: HEXO (All Issues) Resumption (ET): 9:30 AM IIROC can make a decision to impose a temporary suspension (halt) of ...
OTTAWA , May 19, 2020 /CNW/ - HEXO Corp. ("HEXO", or the "Company") (TSX: HEXO; NYSE: HEXO) today announced the pricing of its previously announced overnight marketed public offering (the "Offering") of units of the Company (the "Units") at a price of C$0.90 per Unit. The underwriters for the Offering have agreed to purchase 55,600,000 Units from the Company for total gross proceeds to the Company of C$50,040,000 .
OTTAWA, May 18, 2020 /CNW/ - HEXO Corp. ("HEXO", or the "Company") (TSX: HEXO; NYSE: HEXO) today announced that it will be filing a preliminary prospectus supplement (the "Preliminary Supplement") to its amended and restated short form base shelf prospectus dated December 14, 2018 (the "Base Shelf Prospectus") relating to a proposed overnight marketed public offering (the "Offering") of units of the Company (the "Units"). The Offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing.
There are signs of a reckoning for Canadian cannabis stocks with cultivator HEXO Corp. (TSX:HEXO)(NYSE:HEXO) among the most vulnerable.The post Don’t Bet on Cannabis Stocks appeared first on The Motley Fool Canada.
HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that holders of $29.86 million aggregate principal amount of the Company’s 8% unsecured convertible debentures maturing December 5, 2022 (the “Debentures”) have accepted an opportunity offered by the Company to voluntarily convert all or a portion of their Debentures for Conversion Units (as defined below) (the “Early Conversion Option”). The Company offered the Early Conversion Option to all holders of the $70 million aggregate principal amount of the Debentures (the “Debentureholders”), subject to acceptance by Debentureholders (each an “Electing Debentureholder”) holding a minimum of $20 million aggregate principal amount of the Debentures by May 17, 2020.
Will Hexo stock go boom or bust by end of 2020?The post Is Hexo Stock a Buy After Falling 94% Since April 2019? appeared first on The Motley Fool Canada.
CALGARY , May 13, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (ISH.CN), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced it has filed its Audited Consolidated Financial Statements (the "Financial Statements") and corresponding Management's Discussion and Analysis (the "MD&A") for the year ended December 31, 2019 . The Financial Statements and MD&A are available for review on the Company's SEDAR profile at www.sedar.com and the Company's website at www.innerspiritholdings.com.
HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it received notification from the New York Stock Exchange (the “NYSE”) on April 7, 2020 that the Company was no longer in compliance with the NYSE's US$1.00 share price continued listing standard (the “Price Listing Standard”) as a result of the average closing price of its common shares on the NYSE falling below US$1.00 for a consecutive 30 trading-day period. The issuance of the notification was not discretionary and is sent automatically when a listed company’s share price falls below the Price Listing Standard.
The market rally has pushed pot stocks higher, but HEXO Corp (TSX:HEXO)(NYSE:HEXO) shares still represent an incredible value for patient investors.The post The 1 Pot Stock to Buy During the Market Rally appeared first on The Motley Fool Canada.
CALGARY , May 4, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (ISH.CN), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced it has secured a Retail Operator Licence ("ROL") for corporate-owned Spiritleaf retail cannabis stores and has met Ontario's eligibility criteria for operating cannabis outlets in the province. The ROL was granted by the Alcohol and Gaming Commission of Ontario ("AGCO") as part of the regulator's plan to increase the number of legal cannabis retail stores in the province.
With the global economy withering under the COVID-19 pandemic, the odds of a wave of bankruptcies wiping out underperforming cannabis firms are on the rise.
CALGARY, April 23, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (CSE:ISH.CN - News), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced a number of corporate updates, including a meaningful additional investment by an existing institutional shareholder. The Company has closed a private placement offering (the "Offering") for aggregate gross proceeds of $600,000, issuing 6,000,000 common shares of the Company (the "Common Shares") at $0.10 per share to a UK-based independent private equity firm.
Difficult market conditions, lack of access to credit, and growing financial pressures will cause the bankruptcy rate for cannabis stocks to soar with HEXO Corp. (TSX:HEXO)(NYSE:HEXO) being particularly vulnerable.The post Bankruptcies Ahead for Troubled Cannabis Stocks: Is HEXO (TSX:HEXO) Next? appeared first on The Motley Fool Canada.
Molson Coors Beverage Company and HEXO Corp have formed a joint venture to explore opportunities for non-alcohol hemp-derived CBD beverages in CO.