HEXO Stock Recent News

Investing in marijuana stocks can offer a number of benefits even in a volatile market. Here are a few potential upsides to consider:

Canada continues to face an oversupply of cannabis that has pushed down prices even as the cost of capital has increased, which will result in more consolidation ahead, one executive told MarketWatch on Friday.

Over the past few years, the cannabis industry has experienced tremendous growth. Much of which is showing no signs of slowing down anytime soon. The industry has grown from being a niche market to a multi-billion dollar industry, with legal cannabis sales in North America alone projected to reach over $30 billion by 2025.

HEXO Corp. (NASDAQ:HEXO ) Q3 2023 Earnings Call Transcript June 15, 2023 10:00 AM ET Company Participants Charlie Bowman - President and Chief Executive Officer Julius Ivancsits - Chief Financial Officer Conference Call Participants Matt Bottomley - Canaccord Genuity Operator Welcome to HEXO Corp.'s Third Quarter 2023 Earnings Conference Call. Joining us today is Charlie Bowman, President and Chief Executive Officer of HEXO Corp.; and Julius Ivancsits, Chief Financial Officer of HEXO.

Hexo Corporation (NYSE:HEXO), the producer of high-quality cannabis products which has agreed to a takeover by Tilray Brands Inc (NASDAQ:TLRY), has reported a decline in net revenues and an adjusted EBITDA loss for the third quarter of its 2023 fiscal year. The company also noted that at a special meeting on Wednesday, June 14, 2023, Hexo shareholders approved the Tilray takeover arrangement agreement.

HEXO (HEXO) came out with a quarterly loss of $0.70 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $1.40 per share a year ago.

GATINEAU, Québec--(BUSINESS WIRE)--HEXO Corp. (TSX: HEXO; NASDAQ: HEXO) ("HEXO" or the “Company"), a leading producer of high-quality cannabis products, announced today that it will hold an audio-only conference call on Thursday, June 15, 2023, at 10 a.m. EDT, to review its financial results for the third fiscal quarter, ended April 30, 2023. The results will be released after market close on Wednesday, June 14, 2023. Following the prepared remarks, there will be a question-and-answer session.

As the global cannabis sector gains traction, Canadian cannabis stocks remain at the vanguard, providing investors with attractive options in a quickly expanding market. The cannabis sector in Canada has grown dramatically, attracting investors from all walks of life. The country's forward-thinking approach to cannabis legalization, as well as its strong regulatory structure, have created a climate that encourages growth, innovation, and profitability. As a result, with companies at various phases of development and diversification, Canadian cannabis stocks have emerged as an interesting investment opportunity.

Marijuana stock investors are always looking for the best investment opportunity in the stock market. With the level of volatility, some days are easier to the best marijuana stocks to buy. Yet with how unpredictable the sector can be there needs to be a game plan in action. Before you begin adding pot stocks to your portfolio you should always build a watch list.

Canadian Pot Stocks To Watch In May The post Canadian Cannabis Stocks Under $2 To Watch Now appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.