Hexo stock news

Here are some recent news articles and updates about Hexo Corp (HEXO), a Canadian cannabis company:

Recent News

  1. Hexo Reports Q3 2022 Financial Results (February 14, 2023): Hexo reported a net loss of $14.4 million in Q3 2022, compared to a net loss of $34.4 million in the same period last year. Revenue increased 14% to $24.4 million.
  2. Hexo Partners with Molson Coors to Launch Cannabis Beverages (January 24, 2023): Hexo and Molson Coors, a leading brewer, announced a partnership to develop and market cannabis-infused beverages in Canada.
  3. Hexo Expands Partnership with Molson Coors to the US Market (December 20, 2022): Hexo and Molson Coors announced an expansion of their partnership to the US market, with plans to launch cannabis-infused beverages in the US in 2023.
  4. Hexo Reports Q2 2022 Financial Results (November 14, 2022): Hexo reported a net loss of $23.4 million in Q2 2022, compared to a net loss of $34.4 million in the same period last year. Revenue increased 12% to $21.4 million.
  5. Hexo Launches New Cannabis Products in Ontario (October 25, 2022): Hexo launched a new line of cannabis products, including dried flower, oils, and vapes, in Ontario, Canada.

Recent Analyst Coverage

  1. Canaccord Genuity Initiates Coverage of Hexo with "Buy" Rating (February 16, 2023): Canaccord Genuity initiated coverage of Hexo with a "buy" rating and a target price of $1.50 CAD.
  2. BMO Capital Markets Maintains "Outperform" Rating on Hexo (January 24, 2023): BMO Capital Markets maintained its "outperform" rating on Hexo, citing the company's growing revenue and improving profitability.
  3. CIBC World Markets Initiates Coverage of Hexo with "Sector Perform" Rating (December 20, 2022): CIBC World Markets initiated coverage of Hexo with a "sector perform" rating, citing the company's challenges in the Canadian cannabis market.

Recent Stock Performance

Hexo's stock price has been volatile in recent months, driven by changes in the Canadian cannabis market and the company's financial performance. Here is a summary of the company's stock performance over the past year:

Please note that stock prices can fluctuate rapidly and may be affected by a variety of factors, including market conditions, company performance, and investor sentiment. It's always a good idea to do your own research and consider multiple sources before making any investment decisions.