Feb Run to $14 - Next run to ??? .. When ???The run up in price on HEXO back in feb (along with the sector) was largely due to speculation related to US Legalization. The acquistions and HEXO's purchase of the Colorado facility certainly didn't hurt. The recent drop below $8 was mostly tied to the earnings miss on the QTR report and either an over-recaction by some and / or profit taking by those who bought the shares in 2020 when the Cannabis market was largely being over-looked due to C-19.
The US now has 18 states legalized for Cannabis, it is not an IF, but a WHEN the US will legalize and considering HEXO has already referred to Colorado as being their launching point for the US market it is reasonable to expect the company will have ready access to US consumers once that occurs and have the means to exploite the larger market with their "Powered By Hexo" products and their partnership with Molson-Coors,
JMHO
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