|Bid||6.74 x 0|
|Ask||6.75 x 0|
|Day's Range||6.73 - 6.98|
|52 Week Range||3.98 - 11.29|
|Beta (3Y Monthly)||4.88|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.58|
CannTrust Holdings Corp. (TSX:TRST)(NYSE:CTST) has suddenly emerged as the better stock than the once high-flying HEXO Corp. (TSX:HEXO). The chances of gaining foothold in the U.S. CBD market have increased with a new joint venture.
In the week ending June 21, Tilray (TLRY) was among the biggest gainers in the cannabis sector. Tilray stock gained as much as 29.3% from the closing in the week ending June 14.
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.
Here’s why increased shipment volumes were not enough to drive revenue growth for HEXO Corp. (TSX:HEXO) last quarter.
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.
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.
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 to buy more of the company's stock.
Hexo Corp (TSX:HEXO) may not have as big of an advantage as it had hoped in the edibles market despite securing a deal with a big beverage maker.
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% in the following days. HEXO's YTD returns stood at 59% as of June 14 despite the sell-off after its earnings.
Investors looking to enter the lucrative market of pot stocks should consider adding Hexo Corp (TSX:HEXO) as a long-term holding.
NYSE-A: HEXO) is pleased to announce that its affiliate, HEXO MED S.A. (“HEXO MED”) has received a medical cannabis installation license. The license, issued by the Greek government, will allow HEXO MED to establish cultivation, processing and manufacturing facilities in the region of Thessaly, Greece. With HEXO Corp’s experience in the industry, HEXO MED is poised to become a leader in the European cannabis landscape.
CALGARY, June 13, 2019 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (CSE:ISH.CN - News), a Canadian company establishing a national network of adult-use cannabis stores under its Spiritleaf brand, is pleased to announce that it completed the second tranche of its previously announced cross-investment with Tilray, Inc. ("Tilray") (NASDAQ:TLRY - News) and its wholly owned subsidiary High Park Holdings Ltd. ("High Park"). Pursuant to the terms of the investment agreement entered into in December 2018, as amended, Tilray Inc. and Inner Spirit have exchanged shares valued at $1.5 million. "High Park has been a great strategic partner and partnerships like this enable our Company to grow the Spiritleaf retail brand and create value for investors in Canada's adult-use cannabis market.
Key highlights of third quarter of 2019 fiscal year HEXO remains on-track ramping up to $400 million net revenue in fiscal 2020 and to double net revenue in Q4 fiscal.
GATINEAU, Quebec, June 10, 2019 -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE-A: HEXO) will release its financial results for the third quarter fiscal 2019 ended.
Oil stocks such as Canadian Natural Resources Ltd. (TSX:CNQ)(NYSE:CNQ) rebounded on news of the U.S.-Mexico tariff deal last week.
Ontario recently passed a law that will allow for the sale of wine and beer in convenience stores across the province. Find out how the change will impact brewers like Molson Coors Canada Inc. (TSX:TPX.B)(NYSE:TAP).
Cronos Group Inc. (TSX:CRON)(NASDAQ:CRON) and two other Canadian pot stocks top the list of hot tickers to watch.
HEXO Corp. (TSX:HEXO) is unfazed by the stature of Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) as Canada’s largest cannabis producer. The company is preparing to become the valuable house of marijuana.
CALGARY, June 7, 2019 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (CSE:ISH.CN - News), a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, is pleased to announce that it has received a retail cannabis store licence from Alberta Gaming, Liquor and Cannabis (the "AGLC") for a wholly-owned corporate retail cannabis store in Edmonton's celebrated arts and cultural community of Old Strathcona, located on Whyte Avenue. This follows last week's announcement that the Company received its first retail cannabis store licence for a corporate location in Calgary's downtown Beltline district, with both stores anticipated to open in June 2019.
HEXO Corp. (TSX:HEXO) and Canopy Growth Corp. (TSX:WEED) (NYSE:CGC) are off the 2019 highs. Is one now a buy?
Shopify Inc. (TSX:SHOP)(NYSE:SHOP) and Hexo Corp. (TSX:HEXO) have made the loudest buzz on the TSX this year. The stocks provided the excitement in the market but for how long?