Shite storm on the Way for HEXOCompany is on life supports, ready to announce earnings, which will be $45 to $55 million. Essentially nothing to be inspired about.
But investors could be in for a shock, as earnings could be like Canopy, 25% lower than last year.
That is why WEED, the darling of the pot sector is trading under $5.00, a share price not seen for 6 years. Only 14 months ago, Weed was trading at $70, and now is trading at less than $5.00 An utter shite show.
Hexo will have to issue more shares, diluting the stock, and then do a reverse split to remain on the NASDAQ...
The stock is a joke---a case study of a speculative investment where by the CEO and Board of Directors could care less about retailer shareholders. This can be said for all pot stocks.
The sharee prices of ALL POT STOCKS will continue to decline as bullish sentiment has evaporated and so has interest (check out the stock volumes).
There is a company theme----lower revenue each quarter by pot companies, including HEXO. It intends to release earnings later this month. And there will be NO earnings GROWTH, and just bad news in the form of a reverse split and issuing of shares to raise capital to pay debts.
HEXO will likely be out of business in the next 12 months or bought out by another company. But there is no way HEXO can survive, given the conditions of the pot sector.
LEgalization of POT in America is just a dream, which has been used to convince retailers to buy stocks---so they can get rich.
Utter shite show!!!!! I speak of all pot companies. All CEO's are essentially used car sales men. Shameful
Always conduct your own due diligence and arrive at your own conclusion. Never buy a stock on what someone else said.