Tag: HEXO

Hexo (HEXO) had a hard time last week. A lot of headwinds pulled the stock down. However, the stock rose and closed with a gain of 17% on Thursday.

Yesterday, HEXO (HEXO) announced the launch of a lower-priced cannabis brand, Original Stash, priced at $4.49 per gram.

Yesterday, Cresco Labs (CRLBF) (CL) announced it had received licenses for its five Illinois medical cannabis dispensaries to sell adult-use cannabis.

Hexo launched Original Stash, a value cannabis brand. Hexo's CEO stated that the company intends to educate consumers and "disrupt the illicit market."

Two Pennsylvania senators introduced a comprehensive marijuana legalization bill on Tuesday. Senator Daylin Leach and Sharif Street introduced the bill.

Today CannTrust Holdings is trading at $1.30 on the NYSE, 25.60% higher than its last closing price. It's risen even faster on the Toronto Stock Exchange.

In today’s Get Real, we saw that times are tough for cannabis stocks right now. Electric vehicles are struggling in China. Plus, AT&T might face job cuts soon.

October has been tough for the cannabis sector. As of Monday, MedMen was trading at 1.58 Canadian dollars, which represents a fall of 18.6% this year.

Aurora Cannabis (ACB) stock is currently down 29.23% on the NYSE on a YTD (year-to-date) basis. The company has lost 14.81% of its value since October 1.

The broader US markets were relatively flat today. Weakness in the cannabis sector continued, with the ETFMG Alternative Harvest ETF down 0.4%.