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See post by Excboe on 10/18.
According to their Investor and Media Relations desk they retained a US advisor specializing in Nasdaq applications. I could be wrong but I don’t think they ever would have applied if they didn’t think they could meet the requirements.
It looks like we’re having the “January correction” now. Not worried, I know my investment is safe here with great upside to come. Good analysis from Kreindler in the Financial Post.
Let’s get real . $25-$40 pps by EOY in my opinion. CGC took a dip when it first uplisted and look at it now.
Looks like you covered it all John. Everyone’s just waiting for legalization and any news. Welcome back!
A merger with Aurora would be good for them. It would give them a foothold in the cannabis beverage market whereas companies like Coca Cola might want to wait until U.S. federal legalization, at least for hemp, to get in. This is all just speculation of course.
I saw that, just speculating on why it seems to be taking so long to file. Possible merger coming? Could be a good thing with the right company.
I could see a merger happening. With the right company could be a good thing. Especially if that company was an LP planning on uplisting soon, not necessarily acb.
Could a BO be in the offing? Is that why the delay in filing form 40-F?
Could a BO be in the offing? Is that why the delay in filing Form 40-F?
If most of the shorts are Canadian then there's more likey to be a short squeeze tomorrow IMO, driving the price up not down.
Great video!
Compared to some other licensed producers in the sector Hexo has a small market cap for its total projected production capacity of 108,000 kg per year.
Why is it too late? I don’t see a correction occurring in Jan. 2019 like what happened this year. It’s a different paradigm now with legalization IMO. Investors will be holding on for the second quarter earnings reports.
Hexo knows how to execute. They came through with international expansion and I have no doubt there’ll be a new PR on uplisting coming out soon as well.
$12 seems pretty conservative IMO. With legalization, uplisting, and possibly a JV upcoming I’d say our best days are definitely still ahead of us. I agree we might spike in Nov. or Dec. but I would double that to $24 USD by EOY.
If people are still willing to buy tlry for over $100 pps than I don’t see why we couldn’t hit $50 with uplisting and a JV with a beverage company. I also like to grow a few tomatoes in the backyard but still buy most of my tomatoes at the grocery store, lol. Good analogy.
There are always going to be “traders” who will settle for a few dollars profit at the end of the day after a small rise in a stock. It’s the longs holding out for the big gains that are the true investors. I also don’t pay any attention to the scare tactics I read about concerning the share structure. It might have an impact a few years down the road but in the short term it’s not going to make any difference IMO. Once we get on an American stock exchange we’re going to look back on these days and laugh.
All good Day. Can't wait For October!
Everybody investing in the cannabis sector knows that it’s not about fundamentals now, it’s about the potential for this to be a six billion dollar industry, in Canada alone.
Great post!
Also per Riposte Capital: We believe a conservatively calculated current intrinsic value for HEXO is $18 per share, based on a sector average multiple of 30x 2020 EV/EBITDA (current average trading multiple of the top 10 Canadian Licensed Producers by market capitalization) and the Molson Coors JV, to which we ascribe a modest $500mm vs. the implied $12bn in market capitalization being ascribed to Canopy from the Constellation deal (under the same methodology).
This is a few weeks old but still a good summary of HEXO:
https://www.google.com/amp/s/www.profitconfidential.com/stock/hydropothecary-stock/hydropothecary-stock-forecast-huge-gains-2018/amp/
You better cover now before this really takes off!
Good move, now is the time!
Once they finalize the JV with Molson this will really take off imo. In the meantime I’ll take 6-7% a day, no worries :).
Come on HEXO! Double digits coming by EOY imo. Time to wake up and smell the green!
Good article from SA: https://www.google.com/amp/s/seekingalpha.com/amp/article/4201184-hydropothecary-approaching-billion-dollar-club Opened a position yesterday at $3.70. The potential here is enormous.
Come on Emerald, time to roll out those unique products!
As long as we keep having green days I’m good with that :)
Not to beat a dead horse but the only DD that I can come up with is that 45% of Nevada cannabis sales were in edibles, but that’s still pretty good. All I’m trying to say, all joshing aside, is that there are always going to be traditionalist who are going to want to get their pleasure the old fashioned way. Cigar and spirits bars are very popular in the northeast and I’m sure cannabis bars will be too. $EMHTF
Whatever you say Att, lol, but if you think smoking weed is going to go out of style you need to get out of Vegas and see some of the real world. Granted, edibles and infused drinks will eventually gain in popularity but old habits die hard and dried cannabis will always be number one IMO.
Drinking whiskey was what the “old guys do” until it became popular with the young crowd again. These things have a tendency to go in and out of style every few years, lol.
A couple more MOU’s and we’ll be heading back to 7+ IMO by EOY.
That’s what I’ve been waiting for, lol. Where did you see the the sales license? I’m looking all over for it.