On Thursday, for the second time in three days, HEXO (NYSE: HEXO) delivered a piece of good news. The Canada-based marijuana company announced a large-sized (30 gram) version of its Tsunami cannabis flower. Tsunami is a medical marijuana product, and that segment is more lucrative than the more competitive recreational market.
HEXO is having a good week. Its unveiling of the larger Tsunami packet came just two days after the company announced that its main production and processing facility had received a crucial license extension. The combination of both has fired up investor optimism on the company's prospects.
Image source: Getty Images.