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Hexo Corp (OTCMKTS:HYYDF) Continues to Have a Step on the Rest of the Herd

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Hexo Corp (OTCMKTS:HYYDF) continues to experience a garden-variety pullback in the wake of the sell-the-news event that was the Canadian legalization announcement in mid-October. But this may be quite an interesting opportunity for investors given that the company represents a top strategic investment candidate and a leadership player in the emerging cannabis-infused beverages space.

As a case in point, the company just reported its financial results for the three and twelve months ended July 31, 2018, the fourth quarter of the 2018 fiscal year. According to the release, “The management discussion and analysis for the period and the accompanying financial statements and notes are available under the Company’s profile on SEDAR at www.sedar.com and on its website at ir.hexo.com. All amounts are expressed in Canadian dollars and results pertain to a period pre-legalization for the adult-use cannabis market.”

Hexo Corp (OTCMKTS:HYYDF) is a leading producer and distributor of medical marijuana products.

The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!

HEXO will serve the adult-use market under the HEXO brand, while continuing to serve its medical cannabis clients through the well-known Hydropothecary brand. “HEXO Corp. creates and distributes innovative, easy-to-use and easy-to-understand products to serve the Canadian cannabis market. One of the country’s lowest-cost producers, HEXO is rapidly increasing its production capacity in the lead up to the adult-use cannabis market. The Company currently operates with over 310,000 sq. ft. of production capacity with construction on another 1,000,000 sq. ft. expansion set to be complete by year end. HEXO will serve the adult-use market under the HEXO brand, while continuing to serve its medical cannabis clients through the well-known Hydropothecary brand.”

Hexo Corp (OTCMKTS:HYYDF) is headquartered in Gatineau, Canada, and, as noted above, just changed its corporate name from “The Hydropothecary Corporation” to “HEXO Corp.” effective August 29, 2018. HEXO creates and distributes innovative, easy-to-use and easy-to-understand products to serve the Canadian cannabis market.

One of the country’s lowest-cost producers, HEXO is rapidly increasing its production capacity in the lead up to the adult-use cannabis market. The Company currently operates with over 310,000 sq. ft. of production capacity with construction on another 1,000,000 sq. ft. expansion set to be complete by year-end.

 

Inside the Numbers

We started off by noting that HYYDF just hit the wires with the announcement of its financial results for the three and twelve months ended July 31, 2018, the fourth quarter of the 2018 fiscal year. The stock is up on the news. Overall, shares of HYYDF have rallied about 8% over the past week. That sets up an interesting context for the action tomorrow.

“The past quarter has signified many milestones for HEXO Corp as we moved towards final preparations for the adult-use cannabis market. With two additional supply deals, this time in Ontario and in British Columbia, the establishment of a joint venture with Molson Coors Canada to develop cannabis-infused non-alcoholic beverages, a first step towards going global, and more, I’m extremely proud of the speed at which we continue to execute on our strategic priorities,” said Sebastien St-Louis, HEXO’s CEO and co-founder, referring to its commitment to being one of the top two licenced producers in Canada, to operational scalability, to brand leadership and to new product innovation.

Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -27%.

Hexo Corp (OTCMKTS:HYYDF) managed to rope in revenues totaling $1.4M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 63.7%, as compared to year-ago data in comparable terms.

In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($244.8M against $12.1M).

Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!

   

Learn More About PLSI at your brokerage today!

         

Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Trade




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Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Play