Geometry Dash APK Hill Climb Racing APK
64.4 F
New York
Sunday, June 13, 2021

Hexo Corp (NYSE:HEXO) Continues to Ride High on Positive developments

Must read

Bombardier, Inc. (OTCMKTS:BDRBF) Continues to Gain Momentum and Strength

Many stocks have managed to record significant gains in recent months and one that often flies under the radar is Bombardier,...

Grayscale Bitcoin Trust (Btc) (GBTC) Makes Big Move As Bitcoin Goes Wild

Bitcoin, the world’s biggest cryptocurrency by market cap, has been in the middle of a remarkable rally for the past few months...

Voyager Digital Ltd (OTCMKTS:VYGVF) Hits All-Time High on Download News

The remarkable rally enjoyed by several crypto assets over the course of the past months has also resulted in an increased demand...

Solar Integrated Roofing Corp (OTCMKTS:SIRC) Surges Higher On Sector Strength

The Solar Integrated Roofing Corp (OTCMKTS:SIRC) stock has come into sharp focus among investors and on Wednesday, the stock made significant gains...

Hexo Corp (NYSE:HEXO) (TSE:HEXO) stock continues to thrill investors following a recent string of spectacular news. Shares of Hexo Corp are up a massive 69% so far in 2019 on the NYSE. Moreover, shares have up about 350% in the past two years.

Listing On The NYSE

Among the positive triggers of Hexo’s stock is the recent move to uplist the company in the NYSE. The clever move opened up Hexo’s stock to a wide pool of new investors consequently driving up its prices. Listing in the NYSE not only stamps the stock’s legitimacy but also increases its liquidity and in effect keeping the stock competitive and in the constant radar of investors.

Acqusition Of The Neswstrike Brands

Another move that has set Hexo’s stock spiraling is the recent acquisition of the Newstrike Brands. Experts believe that the deal grants Hexo a seat at the big-boys table as it metamorphoses to a second-tier marijuana company.

The strategic deal opens up Hexo to new markets- stretching its footprints to eight out of ten Canadian provinces from the previous three provinces of Ontario, British Colombia, and Quebec.

Also, according to Seeking Alpha,

“If [HEXO] can leverage Newstrike and Neal Brothers to capitalize on the edible market in a way that creates a significant recurring customer base, it’s probable that the business will do quite well for shareholders in the long run.”

Aside from now having access to about 95% of Canada’s population, Hexo gets to step up its production from 108,000 kilos annually to a whopping 150,000 kilos annually following the addition of 470, 000 square feet of production capacity to the pre-existing 1.3 million square feet.

Spectacular Q2 2019 Financials

The climax of Hexo’s string of good news is the spectacular Q2 2019 financial report. Based on the report, the company clearly capitalized on the legalization of recreational cannabis in Canada with solid annual and quarterly revenue growths of 1,269% and 144% respectively.

Latest article

American Diversified Holdings Corp (OTCMKTS:ADHC) Nears Critical Level

When a stock records significant gains and then crashes and repeats over the course of a few months, then it might be...

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...

Is Tilray Inc (NASDAQ:TLRY) Stock a Good Buy After The Recent Fall?

The cannabis sector may have had a hard time not too long ago but over the course of the past months, the...

Sysorex Inc (OTCMKTS:SYSX) Stock Still Riding Big News

Investors are always drawn to stocks that make a big jump out of nowhere. So it's no surprise that Sysorex Inc (OTCMKTS:SYSX)...

BIGG Digital Assets Inc (OTCMKTS:BBKCF) is Struggling to Regain Momentum

Over the course of the past few months, the continued rally in some of the biggest cryptocurrencies has led to considerable interest...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service