RE:4 Canadian Stocks With the Highest Short Interest %the major problem is there is no market for the 150000kg of weed at this juncture of the indiustry ..ACB WEED HEXO ZENA all fighting for a part of the MPLace and hence massive inventorys and everyone losing Multi millions every quarter
Quietinvestor wrote: https://smallcappower.com/analyst-articles/canadian-stocks-tsx-short-interest/
The Canadian stocks we’ve identified all have a short interest greater than 5%, suggesting these equities are potentially overvalued
HEXO Corp. (TSX:HEXO) – $6.90
Cannabis
Headquartered in Gatineau, Quebec, HEXO is a consumer-packaged goods (CPG) cannabis company that manufactures and distributes products in the Canadian market. HEXO specializes in medical cannabis and aims to become the highest-quality producer and distributor of medical cannabis products throughout Europe. The Company is one of the largest licensed cannabis companies in Canada. HEXO operates 1.8M sq. ft of production facilities in Ontario and Quebec, yielding 150,000 kg annually. HEXO recently announced that it has filed regulatory paperwork to be able to raise an additional 1.2 billion in funds through the issuance of stock, warrants, debt, and a combination over the next 24 months.
GLTA