US Legalization Proven to Move HEXO SPIn late 2020 the Dems took office in the US. HEXO SP was apx $4 - $5 then. The Dems were promising to get Cannabis legalized early once they took office and the price of shares trended up to $14 by Feb 2021. In fairness, this is when ALL Canadian Cannabis companies trended up to their highs. The Dems did not do as they said they would and deferred legalization once again and that is when all of the Canadian Producers began their downtrends.
On a percentage basis HEXO fell the same amount as the others however bottomed and began it's upward trend earlier.
Over the last couple of weeks we hear of US Legalization yet again with April 20th now being speculated on. When the vote made the news we seen a daily high of .94 and an after-hours high of $1.12.
If you think that legalization of Cannabis by the Worlds' largest consumer base of Cannabis is not going to move Cannabis related stocks up then you are certainly not cut out for investing in the sector
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https://www.theglobeandmail.com/investing/markets/stocks/full-chart/HEXO-T/