HEXO.TO - HEXO Corp.

Toronto - Toronto Delayed Price. Currency in CAD
0.8500
-0.0800 (-8.60%)
At close: 4:00PM EDT
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Chart Events
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.9300
Open0.8500
Bid0.8600 x 0
Ask0.8700 x 0
Day's Range0.8400 - 0.9100
52 Week Range0.5000 - 9.0200
Volume11,994,196
Avg. Volume4,655,067
Market Cap346.678M
Beta (5Y Monthly)1.66
PE Ratio (TTM)N/A
EPS (TTM)-1.6810
Earnings DateMar 30, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.28
  • Inner Spirit Holdings Announces Retail Operator Licences for Franchise Partners in Ontario, Expansion Plans for Manitoba Market and Provides Corporate Updates
    CNW Group

    Inner Spirit Holdings Announces Retail Operator Licences for Franchise Partners in Ontario, Expansion Plans for Manitoba Market and Provides Corporate Updates

    CALGARY , May 27, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (ISH.CN), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced Retail Operator Licences ("ROLs") have been secured for a number of franchise partners who now meet Ontario's eligibility criteria for operating cannabis outlets in the province. The ROLs were granted by the Alcohol and Gaming Commission of Ontario ("AGCO") as part of the regulator's plan to expand the number of legal cannabis retail stores in the province.

  • GlobeNewswire

    Hexo Corp. Closes $57.5 Million Underwritten Public Offering

    HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced the closing of its previously announced underwritten public offering (the “Offering”) for total gross proceeds to the Company of C$57,546,000. The Company sold 63,940,000 units of the Company (the “Units”) at a price of C$0.90 per Unit under the Offering, including 8,340,000 Units sold pursuant to the exercise in full of the underwriters’ over-allotment option. Each Unit is comprised of one common share of the Company and one half of one common share purchase warrant of the Company.

  • Debenture Conversion Isn’t Enough to Offset Cash Struggles, Says Hexo Bear
    SmarterAnalyst

    Debenture Conversion Isn’t Enough to Offset Cash Struggles, Says Hexo Bear

    It has been a tough year for the Canadian cannabis industry. Not long ago, the industry was the darling of Wall Street, but it has encountered multiple growing pains. Hampered by regulatory issues as well as difficult supply and demand dynamics, valuations have tumbled as companies failed to deliver on promises and turn a profit.This is exemplified by Hexo (HEXO). Following share price depreciation of 64% in 2019, 2020 hasn’t been much better, with the stock down by 69% year-to-date.Recently, Hexo disclosed it planned to raise much needed cash through an equity sale. The company plans to convert C$30 million principal of its C$70 million debenture into shares/warrants, offered at a 20% discount to the trading price – C$0.80 per unit (at the time of the offer) – with an exercise price of C$1 for a period of three years. Originally issued in October 2019, the debentures are set to be paid by December 2022, and all in all, indicate total dilution, including warrants, of 12%.“While the decision is ultimately a move we agree with, we do think it suggests the ongoing cash struggles for the company, while eyebrows may be raised around insiders who subscribed to the initial offering just seven month ago now receiving heavily discounted shares,” said Jefferies analyst Owen Bennett.Since early December 2019, the company has enacted three equity raises, and Bennett believes the latest dilution won’t come as much of a surprise to anyone following the company’s progress. The terms of the deal suggest “that cash needs may continue to be an issue plaguing the company near term,” with the goal of turning both EBITDA and cash flow positive hampered by the “not insignificant” interest payments.Despite bullish comments concerning the reception of the company’s Original Stash value brand, and considering the fact that these debentures were handed out less than seven months ago, it could be that recent performance has not been as strong as anticipated.Moreover, questions are likely to come up regarding “insider involvement.” Bennett explained, “One of the more bullish reads from the initial debenture offering was that insiders, including the CEO, were to subscribe to c.12% of the C$70 million offering, signaling conviction in the longer-term story. The fact today that close to 30% of the C$30 million converting are the same insiders may not sit well with current shareholders.”To this end, Bennett reiterated an Underperform call on Hexo alongside a C$0.50 ($0.72) price target, implying 42% upside potential. (To watch Bennett’s track record, click here)To find good ideas for cannabis stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. More recent articles from Smarter Analyst: * Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings * Microsoft Seeks $2B Stake In India’s Jio Platforms- Report * Google Faces Arizona Lawsuit Over ‘Unfair’ Location Data Storing * Novavax Seeks To Make 1 Billion Covid-19 Vaccine Doses; Top Analyst Ramps Up PT To $61

  • CNW Group

    IIROC Trade Resumption - HEXO

    IIROC Trade Resumption - HEXO

  • CNW Group

    IIROC Trading Halt - HEXO

    IIROC Trading Halt - HEXO

  • CNW Group

    Hexo Corp. Announces C$50 Million Underwritten Public Offering

    OTTAWA , May 19, 2020 /CNW/ - HEXO Corp. ("HEXO", or the "Company") (TSX: HEXO; NYSE: HEXO) today announced the pricing of its previously announced overnight marketed public offering (the "Offering") of units of the Company (the "Units") at a price of C$0.90 per Unit. The underwriters for the Offering have agreed to purchase 55,600,000 Units from the Company for total gross proceeds to the Company of C$50,040,000 .

  • MarketWatch

    Hexo proposes public stock offering, shares drop 12%

    Hexo Corp. shares fell 12.3% in the extended session Monday after the company said it planned to raise cash through an equity sale. Hexo did not say how much stock it would sell or name a price. Hexo said it expected to price the shares "in the context of the market" and the terms will be determined when it prices the shares. The company said Canacord Genuity would lead the deal.

  • CNW Group

    HEXO Corp. Announces Proposed Public Offering

    OTTAWA , May 18, 2020 /CNW/ - HEXO Corp. ("HEXO", or the "Company") (TSX: HEXO; NYSE: HEXO) today announced that it will be filing a preliminary prospectus supplement (the "Preliminary Supplement") to its amended and restated short form base shelf prospectus dated December 14, 2018 (the "Base Shelf Prospectus") relating to a proposed overnight marketed public offering (the "Offering") of units of the Company (the "Units"). The Offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing.

  • GlobeNewswire

    HEXO Corp. Announces Early Conversion Option for Debentures

    HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that holders of $29.86 million aggregate principal amount of the Company’s 8% unsecured convertible debentures maturing December 5, 2022 (the “Debentures”) have accepted an opportunity offered by the Company to voluntarily convert all or a portion of their Debentures for ‎Conversion ‎Units (as defined below) (the “Early Conversion Option”). The Company offered the Early Conversion Option to all holders of the $70 million aggregate principal amount of the Debentures (the “Debentureholders”), subject to acceptance by ‎Debentureholders (each an “Electing Debentureholder”) holding a minimum of $20 million aggregate principal amount of the ‎Debentures by May 17, 2020.

  • Inner Spirit Holdings Announces Year-End 2019 Financial Results
    CNW Group

    Inner Spirit Holdings Announces Year-End 2019 Financial Results

    CALGARY , May 13, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (ISH.CN), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced it has filed its Audited Consolidated Financial Statements (the "Financial Statements") and corresponding Management's Discussion and Analysis (the "MD&A") for the year ended December 31, 2019 . The Financial Statements and MD&A are available for review on the Company's SEDAR profile at www.sedar.com and the Company's website at www.innerspiritholdings.com.

  • GlobeNewswire

    HEXO Receives NYSE Listing Notification

    HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it received notification from the New York Stock Exchange (the “NYSE”) on April 7, 2020 that the Company was no longer in compliance with the NYSE's US$1.00 share price continued listing standard (the “Price Listing Standard”) as a result of the average closing price of its common shares on the NYSE falling below US$1.00 for a consecutive 30 trading-day period. The issuance of the notification was not discretionary and is sent automatically when a listed company’s share price falls below the Price Listing Standard.

  • Are Investors Undervaluing HEXO Corp. (TSE:HEXO) By 32%?
    Simply Wall St.

    Are Investors Undervaluing HEXO Corp. (TSE:HEXO) By 32%?

    How far off is HEXO Corp. (TSE:HEXO) from its intrinsic value? Using the most recent financial data, we'll take a look...

  • Inner Spirit Holdings Receives Retail Operator Licence for Ontario Market for Spiritleaf Corporate Retail Cannabis Stores
    CNW Group

    Inner Spirit Holdings Receives Retail Operator Licence for Ontario Market for Spiritleaf Corporate Retail Cannabis Stores

    CALGARY , May 4, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (ISH.CN), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced it has secured a Retail Operator Licence ("ROL") for corporate-owned Spiritleaf retail cannabis stores and has met Ontario's eligibility criteria for operating cannabis outlets in the province. The ROL was granted by the Alcohol and Gaming Commission of Ontario ("AGCO") as part of the regulator's plan to increase the number of legal cannabis retail stores in the province.

  • Inner Spirit Holdings Announces Corporate Updates and Additional Strategic Investment
    CNW Group

    Inner Spirit Holdings Announces Corporate Updates and Additional Strategic Investment

    CALGARY , April 23, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (ISH.CN), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced a number of corporate updates, including a meaningful additional investment by an existing institutional shareholder. The Company has closed a private placement offering (the "Offering") for aggregate gross proceeds of $600,000 , issuing 6,000,000 common shares of the Company (the "Common Shares") at $0.10 per share to a UK-based independent private equity firm.

  • Molson Coors, Hexo to make non-alcoholic CBD drinks for Colorado market
    American City Business Journals

    Molson Coors, Hexo to make non-alcoholic CBD drinks for Colorado market

    The new joint venture expands a partnership the beverage company and cannabis company launched two years ago in Canada.

  • Molson Coors and HEXO Corp Expand Partnership with Joint Venture in Colorado
    Business Wire

    Molson Coors and HEXO Corp Expand Partnership with Joint Venture in Colorado

    Molson Coors Beverage Company and HEXO Corp have formed a joint venture to explore opportunities for non-alcohol hemp-derived CBD beverages in CO.

  • GlobeNewswire

    HEXO Corp. Closes $46 Million Underwritten Public Offering

    HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced the closing of its previously announced underwritten public offering (the “Offering”) for total gross proceeds to the Company of approximately C$46 million. The Company sold 59,800,000 units of the Company (the “Units”) at a price of C$0.77 per Unit under the Offering, including 7,800,000 Units sold pursuant to the exercise in full of the underwriters’ over-allotment option. Each Unit is comprised of one common share of the Company and one common share purchase warrant of the Company.

  • CNW Group

    Hexo Corp. Announces C$40 Million Underwritten Public Offering

    OTTAWA , April 8, 2020 /CNW/ - HEXO Corp. ("HEXO", or the "Company") (TSX: HEXO; NYSE: HEXO) today announced the pricing of its previously announced underwritten public offering (the "Offering") of units of the Company (the "Units") at a price of C$0.77 per Unit. The underwriters for the Offering have agreed to purchase 52,000,000 Units from the Company for total gross proceeds to the Company of approximately C$40 million .

  • MarketWatch

    Hexo to file amended prospectus for public offering of stock

    Hexo Corp. said Wednesday it will file an amended shelf prospectus relating to the proposed public offering of shares, which was originally filed in December 2018. The Canada-based cannabis company said the offering is expected to be priced "in the context of the market." The stock fell 4.4% in premarket trading. On Tuesday, Hexo disclosed that at the request of the company, with a recommendation by its audit committee, MNP LLP resigned as auditor on Jan. 31. On the same date, Hexo hired PricewaterhouseCoopers LLP as its auditor. The stock has lost 50.4% over the past three months through Tuesday, while the ETFMG Alternative Harvest ETF has dropped 32.9% and the S&P 500 has slid 18.3%.

  • Inner Spirit Holdings Announces Expansion of Spiritleaf Retail Cannabis Store Network into Newfoundland and Labrador
    CNW Group

    Inner Spirit Holdings Announces Expansion of Spiritleaf Retail Cannabis Store Network into Newfoundland and Labrador

    CALGARY , April 1, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (ISH.CN), a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, today announced it has signed a master agreement with a wholly owned subsidiary (the "Atlantic Subsidiary") of Atlantic Cultivation Limited ("Atlantic Cultivation") for the operation of franchised Spiritleaf branded retail cannabis stores in Newfoundland and Labrador . Atlantic Cultivation is currently building a cannabis production facility in St. John's, Newfoundland .

  • Barrons.com

    Hexo and Cronos Reported Earnings, and These Pot Stocks Reacted Very Differently

    STOCK ALERT Marijuana firms (HEXO) and (CRON) both reported earnings on Monday—to far different effects. Hexo, which released its January quarter results before the market opened Monday, shed more than a quarter of its value.

  • Pot stocks plunge after another round of disappointing earnings
    MarketWatch

    Pot stocks plunge after another round of disappointing earnings

    Marijuana producer Hexo Corp. led cannabis stocks down Monday, falling 21% after the company reported earnings that were hit by write-downs.

  • MarketWatch

    Hexo loss widens in latest quarter, books impairment charges and goodwill writedowns

    Hexo Corp. said Monday it had a net loss of C$298.2 million ($210.8 million) in its fiscal second quarter to Jan. 31, far wider than the loss of C$4.3 million posted in the year-earlier period. The Quebec-based Canadian cannabis company did not offer a per-share figure. Revenue net of excise taxes came to C$17.0 million, up from $13.4 million a year ago. Revenue from sales of adult-use cannabis rose to C$16.3 million from C$12.2 million a year ago. The company said it wrote down surplus cannabis trim and milled products valued at C$3.1 million, due to an excess of supply related to its short-term demand for cannabis distillate production. It also wrote down a concentrated bulk purchase of C$11.8 million that was partly due to oversupply in the market. The bulk product was acquired through a supply agreement that is currently the subject of litigation. The company booked an impairment loss of C$138.3 million relating to its Niagara faility which is up for sale and on intangible assets acquired from Newstrike Brands. It also booked a goodwill impairment charge of C$111.9 million. The company said its manufacturing facilities remain open during the coronavirus outbreak but it has introduced working-from-home policies and cleaning measures to protect staff. Shares fell 2.8% premarket and are down 31% in the year to date.

  • GlobeNewswire

    HEXO Corp reports second quarter fiscal 2020 financial results

    Key Operating Highlights Net Revenue increased 17% to $17.0M from $14.5M in Q1Adult-use grams and gram equivalents sold increased 57% to 6,579 kg compared to prior.