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TLRY - HEXO: The Winning Streak In Canada Continues
Tilray Inc.
HEXO announced strong results for Q2 F2021 that showed continued revenue growth and improvement in profitability.
While HEXO has announced consecutive quarters of improvements, it has outperformed most of the other Canadian LPs, some of which struggled and lost market share.
Despite HEXO's progress, we see much stronger value propositions offered by U.S. MSOs based on valuation and financial performance.