A Recent Change Makes HEXO Corp. (TSX:HEXO) Far More AttractA Recent Change Makes HEXO Corp. (TSX:HEXO) Far More Attractive
https://www.fool.ca/2019/02/08/a-recent-change-makes-hexo-corp-tsxhexo-far-more-attractive/ In December, I’d called HEXO, Canopy Growth, and Cronos Group my three favourite cannabis stocks. In all three cases, I believe it makes sense to buy their partners’ stocks at the same time.
While Molson Coors didn’t invest in HEXO, should the joint-venture go well over the next 12-24 months, I believe it will exercise the 11.5 million warrants it received as part of the partnership agreement between the two companies.
Compared to the Molson Coors partnership, listing on a U.S. stock exchange is a much smaller move, but a significant one, in my opinion. If you’re not listed on a U.S. exchange, it says you’re not serious about being a global player.
HEXO is.