TSX:HEXO.W.A - Post by User
Post by
quinlashon Apr 16, 2021 7:15am
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Post# 33009366
Good Morning + PreMarket
Good Morning + PreMarketGood Morning HEXO Longs :)
Big news yesterday !! The company is lining itself up to have access to another 1.2 Billion Smaker-Roos.. wow... that's a lot of green.
The announcement should not be too much of surprise as the CEO and CFO had eluded to additional M&A activity if they came across the right opportunity. Canopy is doing the same with a 2 Billion dollar raise so both companies IMHO are getting more aggressive with their expansion plans. Hopefully we hear more in the short-term as to what they plan to do with the money.. my bet is US acquistion.
So, anyhow... what else.. oh ya' .. pre-market :) well pre-market is actually still pretty boring right now. Last I checked there were less than 4,000 shares traded.... ya... 4,000.. sorry, that's practically nothing IMHO as I usually expect to see in the area of 60,000 to 80,000 shares traded in pre-market and after hours trading.
Here is the link to watch the trading, it is stated in US Dollars so apply 1.25 for the Exchange rate to get Canadian.
Link to Pre-Market Trading Trading (Live)
https://www.marketwatch.com/investing/Stock/HEXO
The market will set the price, try to decide if you are on-board with HEXO or not. If you can't handle the moves necessary for a company to make in a developing sector then you should not be investing in developing sectors, maybe try something that doesn't move much or pass your cash over to the bank to manage in a mutual fund.
GLTA
Q