Don’t Count on a ‘Marijuana Moment’ with HexoPosted by On

Canadian cannabis producer and seller Hexo (NYSE:HEXO) isn’t the biggest or most famous competitor in the sector. Moreover, Hexo stock doesn’t have the highest volume of all cannabis stocks. On the other hand, the shares are easily affordable.

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Indeed, I suspect that its low price point is what makes Hexo stock attractive to some traders. I fully understand the appeal because not every investor has a large-sized account that can accommodate more expensive stocks.

In December of last year, I covered Hexo stock for InvestorPlace. At the time, I warned, “With [the] Hexo stock price at $2.225, the shares might seem like a steal … but I don’t want the market to steal investors’ hard-earned capital.”

So, does “cheaper” mean “better” in the world of cannabis stocks? Let’s check up on Hexo stock to see how the shareholders have fared since my late-2019 warning. Then, we can decide whether Hexo shares are a bargain today, or just dead…

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