HEXO (HEXO) was once deemed a potential contestant for Canada's top LPs before the company squandered its early advances. It is unfortunate that the recent financings have significantly damaged investor confidence, aggravated by the challenges facing HEXO both operationally and financially. Hence, the risk and reward equation is unattractive for HEXO shares right now.
(All amounts in C$)
Recent Missteps
HEXO had momentum post-legalization in Canada as investors bet the Quebec-based LP will expand nationally and win the race in cannabis beverages with the help of Molson Coors (TAP). There was