Did This Deal Just Make Marijuana Stock HEXO a Bargain?

Canada’s biggest marijuana stocks get the most attention. But the global marijuana market is worth $150 billion annually, and that suggests there’s plenty of room for smaller pot stocks, including HEXO (NYSEMKT:HEXO). HEXO has been running under the radar compared to Goliaths Canopy Growth (NYSE:CGC) and Aurora Cannabis (NYSE:ACB); however, that could change following HEXO’s decision to acquire Newstrike Brands for $263 million in shares. Is HEXO now a bargain worth buying?

What’s the deal?

Canopy Growth and Aurora Cannabis are firmly entrenched as the top-tier leaders in this fast-growing marketplace. The two control about 50% market

...read more at https://www.fool.com/investing/2019/03/13/did-this-deal-just-make-marijuana-stock-hexo-corp.aspx


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