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NWKRF - HEXO: Newstrike Acquisition Caps A Great Quarter
Newstrike Brands Ltd - Ordinary Shares
Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
HEXO (HEXO) announced its Q2 fiscal 2019 results last week along with a bombshell acquisition of Newstrike Brands (NWKRF). We think HEXO is well on its path to becoming one of the top domestic cannabis operators in Canada. As we discussed in our 2019 top picks, we think HEXO remains a core holding for cannabis investors in their Canadian portfolio.