|Bid||6.04 x 0|
|Ask||6.05 x 0|
|Day's Range||5.80 - 6.17|
|52 Week Range||3.98 - 11.29|
|Beta (3Y Monthly)||4.66|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.34|
NYSE: HEXO) cannabis products are now available to Alberta consumers for the first time after finalizing an agreement between HEXO and Alberta Gaming, Liquor and Cannabis (AGLC). The agreement provides AGLC with HEXO’s nine dried flower products and award-winning Elixir oral sprays, making them available on the Alberta Cannabis online store and to all of the nearly 200 private retail stores in the province.
The big shareholder groups in HEXO Corp. (TSE:HEXO) have power over the company. Institutions will often hold stock in...
NYSE: HEXO) announces that HEXO co-founder, Adam Miron, has decided to step down from his position as Chief Brand Officer. Adam Miron co-founded HEXO six years ago with Sebastien St-Louis and has played a key role not only in building the company, but as an innovative leader in the cannabis industry.
CALGARY , July 16, 2019 /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 received six additional licences from Alberta Gaming, Liquor and Cannabis (the "AGLC") for retail cannabis stores in the province. The Company also announced that its corporate-owned retail cannabis store in Jasper, Alberta located at 618 Patricia Street is expected to open on Monday, July 22. Please visit www.spiritleaf.ca for more information, including operating hours. The newly licensed locations include Spiritleaf retail cannabis stores in Beaumont , Calgary (Bow Trail), Calgary (Chinook), Edmonton (Ironstone), Grande Prairie and Medicine Hat, Alberta .
Overall, the cannabis sector was weak in the first ten days of July. There was a stream of negative news about the sector. Earlier this week, CannTrust (CTST) reported that Health Canada found non-compliant operations at one of its facilities. According to the press release issued by CannTrust, the company was growing cannabis in rooms […]
HEXO Corp (NYSE: HEXO ) (TSX:HEXO) announced Thursday it has gained approval from the New York Stock Exchange to transfer the listing of its common shares to NYSE from NYSE American LLC. The company expects ...
NYSE-A: HEXO) is pleased to announce it has received approval from the New York Stock Exchange (the “NYSE”) to transfer the listing of its common shares from the NYSE American LLC (the “NYSE-A”) to the NYSE. HEXO expects to begin trading on the NYSE effective at the open of markets on July 16, 2019.
CALGARY , July 2, 2019 /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 received a licence from Alberta Gaming, Liquor and Cannabis (the "AGLC") for a corporate-owned retail cannabis store in Jasper, Alberta , the commercial centre of Jasper National Park . The store will be located in Jasper at 618 Patricia Street and will open this month.
Illinois became the most recent state to legalize recreational marijuana on Tuesday. The legalization of recreational cannabis was a campaign promise of Illinois Governor J.B. Pritzker.
With more and more international markets opening for the cannabis sector, Canadian players are looking to expand into those markets and leverage their expertise to rapidly capture the market share. Companies such as Aurora Cannabis (ACB) are establishing their market in the European medical segment along with Canopy Growth (WEED).
CALGARY , June 26, 2019 /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 that its first corporate-owned retail cannabis store in Calgary's downtown Beltline district will be opening today ( Wednesday, June 26 ) and its second corporate-owned retail cannabis store is expected to open in Edmonton's Old Strathcona community on Whyte Avenue on Friday, June 28 . The Company also announced that its initial franchised retail cannabis stores in British Columbia located in Castlegar and Vernon are expected to open in the coming week.
Yesterday, HEXO (HEXO) ended the day about 4.5% lower after Oppenheimer cut the company’s rating to “perform” from its previous “outperform” rating. HEXO was one of the best performers among the Canadian cannabis companies with a YTD return of 53%, which is still impressive when compared with Tilray (TLRY), which is in the negative territory YTD.
In the week ending June 21, Tilray (TLRY) was among the biggest gainers in the cannabis sector. Tilray stock gained as much as 29.3% from the closing in the week ending June 14.
Innovative Industrial Properties' forward EV-to-sales multiple increased to 20.8x in June. The stock was trading at a significant premium to the peer median of 5.8x.
HEXO (HEXO) and Innovative Industrial Properties were both trading at a premium to the peer median at 27x and 23x, respectively. Innovative Industrial Properties (IIPR) continued to show strength.
On June 17, CIBC lowered its ratings for HEXO (HEXO) to "neutral" from its previous "outperform" rating. This move came after HEXO missed earnings expectations on June 12.
Investors sold off HEXO (HEXO) after the company reported lower-than-expected earnings on June 12. The stock has lost nearly 15% since then. After a sell-off, investors often ask whether it is a good time to buy more of the company's stock.
Weakness in the cannabis sector continued last week, especially after HEXO (HEXO) reported its earnings on June 12. HEXO's earnings largely disappointed the market, and the stock plunged almost 16% in the following days. HEXO's YTD returns stood at 59% as of June 14 despite the sell-off after its earnings.
NYSE-A: HEXO) is pleased to announce that its affiliate, HEXO MED S.A. (“HEXO MED”) has received a medical cannabis installation license. The license, issued by the Greek government, will allow HEXO MED to establish cultivation, processing and manufacturing facilities in the region of Thessaly, Greece. With HEXO Corp’s experience in the industry, HEXO MED is poised to become a leader in the European cannabis landscape.
CALGARY , June 13, 2019 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (ISH.CN), a Canadian company establishing a national network of adult-use cannabis stores under its Spiritleaf brand, is pleased to announce that it completed the second tranche of its previously announced cross-investment with Tilray, Inc. ("Tilray") (TLRY) and its wholly owned subsidiary High Park Holdings Ltd. ("High Park"). Pursuant to the terms of the investment agreement entered into in December 2018 , as amended, Tilray Inc. and Inner Spirit have exchanged shares valued at $1.5 million . "High Park has been a great strategic partner and partnerships like this enable our Company to grow the Spiritleaf retail brand and create value for investors in Canada's adult-use cannabis market.
Key highlights of third quarter of 2019 fiscal year HEXO remains on-track ramping up to $400 million net revenue in fiscal 2020 and to double net revenue in Q4 fiscal.
GATINEAU, Quebec, June 10, 2019 -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE-A: HEXO) will release its financial results for the third quarter fiscal 2019 ended.
CALGARY , June 7, 2019 /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, is pleased to announce that it has received a retail cannabis store licence from Alberta Gaming, Liquor and Cannabis (the "AGLC") for a wholly-owned corporate retail cannabis store in Edmonton's celebrated arts and cultural community of Old Strathcona, located on Whyte Avenue. This follows last week's announcement that the Company received its first retail cannabis store licence for a corporate location in Calgary's downtown Beltline district, with both stores anticipated to open in June 2019 .