|Bid||0.9800 x 0|
|Ask||0.9900 x 0|
|Day's Range||0.9500 - 1.0200|
|52 Week Range||0.5000 - 6.7300|
|Beta (5Y Monthly)||1.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun. 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.46|
CALGARY, AB , July 14, 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 that Frank Rochon has joined the Company's Board of Directors. Mr. Rochon was previously Vice Chairman and Managing Partner with Deloitte. In addition, he was a member of Deloitte's executive leadership team for over 20 years in various capacities including Regional Managing Partner roles and as Deloitte Canada M&A Executive Leader.
Molson Coors Canada Inc. (TSX:TPX.B)(NYSE:TAP) is struggling for growth, meaning it could acquire pot stock Hexo Corp (TSX:HEXO)(NYSE:HEXO).The post Buy Alert: Molson Coors (TSX:TPX.B) Might Buy This Pot Stock appeared first on The Motley Fool Canada.
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,568.64, down 60.55 points.)Kinross Gold Corp. (TSX:K). Materials. Up 17 cents, or 1.66 per cent, to $10.43 on 6.9 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 2.3 per cent, to 42.5 cents on 6.2 million shares.Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down 46 cents, or 2.63 per cent, to $17.06 on 6.1 million shares.B2Gold Corp. (TSX:BTO). Materials. Unchanged at $8.12 on 5.4 million shares.Hexo Corp. (TSX:HEXO). Health care. Up five cents, or 5.32 per cent, to 99 cents on 5.2 million shares. Northcliff Resources Ltd. (TSX:NCF). Materials. Up one cent, or 40 per cent, to 3.5 cents on 5.2 million shares.Companies in the news:Postmedia Network Canada Corp. (TSX:PNC.A, TSX:PNC.B) — The owner of Canada's largest newspaper chain saw its most recent quarterly revenue slashed by a quarter as advertising revenue decline accelerated amid the COVID-19 pandemic, but said it would stop a pay reduction program one month early thanks to government aid. The company, which owns the National Post and other publications, reported a net loss for the three months ending May 31 of $13.8 million, up from a net loss of $7.7 million in the same quarter the previous year. Revenue totalled $112.4 million, down 28.4 per cent from $157.1 million in the same quarter last year. Print advertising fell $23.7 million or 36.6 per cent to about $41 million in the quarter, while digital revenue dropped $10.7 million or 32.5 per cent to about $22 million. Digital advertising fell 37.7 per cent and print circulation revenue dropped 10.5 per cent. During the quarter, advertising revenue declines "accelerated" as a result of the pandemic, the company said, noting it continues to work to address the current challenging environment.Torstar Corp. (TSX:TS.B). Up 10 cents or 16.1 per cent to 72 cents. The owner of the Toronto Star says it has received a potentially superior second purchase offer from a private investor group. In response to a request from the Investment Industry Regulatory Organization of Canada, Torstar Corp. confirmed it received a non-binding, unsolicited offer for all of the company's Class A shares and Class B non-voting shares. The new offer is conditional on the completion of due diligence, the negotiation of a definitive agreement and the entering into of voting support agreements with trustees of the Torstar voting trust, Torstar directors holding shares and Hamblin Watsa Investment Counsel Ltd., an affiliate of Fairfax Financial Holdings Ltd. The Torstar board of directors is holding talks with the new bidder after determining that its offer "may reasonably be expected to constitute or lead to a 'superior proposal' " under the May 26 agreement with NordStar Capital LP. The board has determined that the NordStar agreement is in the best interest of the company and continued to recommend that shareholders support the transaction at a special meeting scheduled on July 21.Bombardier Inc. — Bombardier Inc. says it supports Alstom's commitments to sell some of the Canadian transportation company's railway assets to address potential regulatory concerns with Alstom SA's US$8.2-billion acquisition of Bombardier Transportation. Alstom has told the European Commission that it would transfer Bombardier's contribution to the V300 Zefiro very high-speed train platform, sell Bombardier's Talent 3 mainline train platform and production facilities with the Hennigsdorf site in Germany, and provide access to some of Bombardier's signalling and train control management systems. It would also sell Alstom's Coradia Polyvalent mainline train platform and the Reichshoffen production site in France. The moves will be done in consultation with appropriate employee representative bodies. Bombardier also reaffirmed that the sale remains on track to close in the first half of 2021. After selling its commercial aircraft business, the exit from railway operations will leave Bombardier to focus exclusively on business aircraft.This report by The Canadian Press was first published July 9, 2020.The Canadian Press
HEXO has scored a stock price-boosting deal in Israel, but investors should be cautiously optimistic.The post HEXO Finds a New Market: Should Cannabis Investors Celebrate? appeared first on The Motley Fool Canada.
These TSX pot stocks are trading dirt cheap and have the potential to generate strong returns in the long run.The post BUY ALERT: These High-Growth TSX Pot Stocks Are on Sale appeared first on The Motley Fool Canada.
Many of the largest cannabis players were having a tough 2020 before the economic wallop of COVID-19.
Now is the time to buy high-upside TFSA stocks like Maxar Technologies (TSX:MAXR)(NYSE:MAXR) and Hexo Corp. (TSX:HEXO)(NYSE:HEXO).The post 2 TFSA Stocks to Buy Right Now appeared first on The Motley Fool Canada.
Investing in volatile small-cap stocks is not for the weak of heart, but they also provide tremendous opportunities for growth. Here's why you can look to invest in companies such as Hexo (TSX:HEXO)(NYSE:HEXO) to create long-term wealth. The post 3 Small-Cap TSX Stocks Under $1 That Are Ripe for a Turnaround appeared first on The Motley Fool Canada.
HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced the final closing of its previously announced early conversion option (the “Early Conversion Option”) in respect of $29.86 million aggregate principal amount of its outstanding $70 million aggregate principal amount of 8% unsecured convertible debentures maturing December 5, 2022 (the “Debentures”). Under the final closing, $6,265,000 aggregate principal amount of Debentures was converted into 7,831,250 units of the Company (the “Conversion Units”) at a price of $0.80 per Conversion Unit.
Industry insiders say the math behind the current policy favours higher-potency drinks while restricting sales of mellower products.
CALGARY, AB , June 22, 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 further expansion of the Spiritleaf brand into Ontario with store openings in Guelph and in Ottawa , the nation's capital, and into Newfoundland and Labrador with a store opening in St. John's . The St. John's store marks the 50th store in Canada , making the Spiritleaf brand the largest in the country by store count. Additional store openings expected in the Toronto market this week include Don Mills on June 24 , Little Italy on June 25 and Bloor West Village on June 27 .
If you'd invested $500 in Hexo Corp. (TSX:HEXO)(NYSE:HEXO) stock at the start of this year, it would be worth under $250 today. The post $500 in Hexo (TSX:HEXO) Stock at the Start of 2020 Is Worth This Much Now! appeared first on The Motley Fool Canada.
Hexo Corp (TSX:HEXO)(NYSE:HEXO) is one of the hottest pot stocks on the market. In recent weeks, shares have more than doubled in value.The post Pot Stock Alert: This Company Just Spiked 146% appeared first on The Motley Fool Canada.
OTTAWA — Hexo Corp. says it has sold its facility in Niagara Falls, Ont., for $10.25 million to an undisclosed buyer.The cannabis company announced in March plans to list the facility after reviewing its cultivation assets.Hexo determined that it no longer expected to restart operations, which it halted in November 2019, due to an excess of cultivation capacity in the market, forecasted demand for cannabis products and expected market development.The sale of the Niagara facility included land and greenhouse facilities, as well as certain equipment.The company says it expects to use the proceeds to fund additional expansion of its Belleville, Ont., facility and for working capital and other general corporate purposes.Hexo's shares lost 15 cents or 11.9 per cent to $1.11 in Wednesday trading on the Toronto Stock Exchange.This report by The Canadian Press was first published June 17, 2020.Companies in this story: (TSX:HEXO)The Canadian Press
HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it completed the previously disclosed sale of its Niagara, Ontario facility for proceeds of approximately $10.25 million on June 15, 2020. The Company had determined to market the facility for sale following a strategic review by the Company of its cultivation assets in March 2020, in which it determined it no longer expected to re-commence operations at the Niagara facility due to an excess of cultivation capacity in the market and estimated forecast demand for cannabis products, as result of slower than expected market development. The sale of the Niagara facility included land and greenhouse facilities, as well as certain equipment.
CALGARY, AB, June 17, 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 it has filed its interim Financial Statements (the "Financial Statements") and corresponding Management's Discussion and Analysis (the "MD&A") for the quarter ended March 31, 2020. 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 stock could perform exceptionally well in the coming quarters, and here’s why.The post Why You Should Start Loving Hexo (TSX:HEXO) Stock appeared first on The Motley Fool Canada.
HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it has established an at-the-market equity program (the “ATM Program”) that allows the Company to issue up to C$34,500,000 (or its U.S. dollar equivalent) of common shares (the “Common Shares”) from treasury to the public from time to time, at the Company’s discretion. Any Common Shares sold through the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”), the New York Stock Exchange (the “NYSE”) or any other marketplace on which the Common Shares are listed, quoted or otherwise traded, at the prevailing market price at the time of sale.
Will Hexo (TSX:HEXO) stock outperform markets in the second half of 2020?The post Hexo (TSX:HEXO) Stock: Will This Pot Stock Surge Higher Post Earnings? appeared first on The Motley Fool Canada.
HEXO's stock price may continue to recover in the near term, but dilution risks remain significant for long term investors.The post Is HEXO Stock a Buy Post Q3 Earnings? appeared first on The Motley Fool Canada.
Recently, shares of companies in severe financial distress — including Chapter 11 bankruptcy — have been very popular for day traders, a sign that has many concerned.
HEXO (TSX:HEXO)(NYSE:HEXO) and Neptune Wellness Solutions (TSX:NEPT)(NASDAQ:NEPT) reported earnings this week. The pot stocks have been making strong progress in improving production efficiency, profitability, and market share. From the earnings conference calls, shareholders in these marijuana enterprises learned about how well company management is meeting crucial performance goals. Here are the top three takeaways from […]The post Pot Stock Earnings: 3 Takeaways This Week appeared first on The Motley Fool Canada.