RE:RE:RE:Article: This Pot Stock Could go to 2 BillionHEXO's SP went down after going on the NYSE, like so many other companies. It's easy to find out - just research a few well known names. That's when the professional shorters moved in and started driving the SP down and just when it was losing ground, HEXO annouced that the sales projections were way off, the floor fell out and they have been trying to rebound ever since. At this point they are finally starting to gain ground, a year later, better late than never! The Molson deal is slated by many to bring the real money to the rec market - total new market. Not drinkers and not pot smokers....new market = found potential. That said, best if long investors have averaged down over the past year because we are finally coming into the new fiscal with positive revenue on the horizon..... ON THE HORIZON!
I agree with Quin's many logical/factual posts that there is still evidence of shorting going on and probably holding the SP down..... for now. HEXO said new products rolling out over the summer and drinks before the 2020 year ends .....it's only July, summer started June 20. In addition they have the RS in their back pocket if they need it .....and it's not a bad option. If they RS they can get the price up, bring back the institutional investors and later when it's convenient they can split again...rinse and repeat.
IMHO, Now is not the time to give up or panic, now is the time to buy (under $1. cdn) and hold! Good things come to those who wait! And for those just buying in, patience is a virtue.