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HEXO Adds Revenue and Acquires another; Upside to $17.50

D. H. Taylor
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Joined: 1 year ago
Posts: 310
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Hexo HEXO Stock reported increased revenues.  And while the data was a miss by expectations there are a few factors I wanted to line up so an investor could see what the potential of this company would be over the coming year.  I do see the possibility of upside in the stock.  But, Hexo has some work to do to get there.  In the meantime, Hexo is in the middle of acquiring Zenabis ZBISF and this will nearly double revenue for Hexo while opening up avenues into the rapidly expanding European medical cannabis market.  This appears to be a good fit.  What I like most about Zenabis is the potential upside for the stock; I believe the terms were in favor of HEXO stock.


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