Is This $375 Million Cannabis Stock Too Good to Be True?

Following the industry bear market of 2019, many thought cannabis stocks would recover. Then came the coronavirus pandemic. Today, valuations remain 80% below their peak. Marijuana companies are still hurting. Just look at Hexo (TSX:HEXO)(NYSE:HEXO). This $375 million business was once valued at $2 billion! But this is far from the end. Marijuana consumption continues to rise, and companies are figuring…

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