If you think mid term (swing trades) or if you are looking for a long term investment, in both cases this is still and again a good choice.
Just look at this weekly chart, this is about 10 years in front of us. Right now TXMD is way undervalued! Very cheap, on sale, seriously. Analysts target consensus is about $7 if you look it up, you'll see, at lest $4...
Merger Closes Q3 2021
Shareholders Proposal in August 2021
HEXO Acquires Redecan.
“Redecan’s unwavering focus on the consumer, along with lean operating principles and highly efficient...
Hey everyone! Here with a video on some Cannabis Stocks I've been checking out. (THIS VIDEO, HEXO, APHA, ACB)
Day time frame: Most of the cannabis stocks are looking very similar.
-completed Market Cycle
-lower MA's have crossed north, or are close to crossing 200MA in Bullish form
IMO these are looking like great places to invest if you wish to...
HEXO just gapped in the pre market now it's holding close to the $8.56 mark. If it breaks this level with good volume, it could find little to no resistance gapping to the upside, next stop $9.16 making about 7%.
HEXO is following same patterns as the rest of the cannabis big players, aka APHA and TLRY.
Cannabis is being legalized and seems to me like a huge wave is approaching. I expect HEXO to follow the trend, and being a more volatile asset it could reach TP2, then retrace to finally make it to TP3.
F/U from posting from June 2020 when price was $1. (link below) We may be close to a correction or top. I'm taking partial profits today. We may see further up action to the channel top. Process your way.
It is obvious in the last 6 months a new trend started in most cannabis related stocks and most of them rewarded Theron shareholders with decent rewards..!
The front runner so far was sundial grower with +440% gain in last 6 months followed by Tilray, CNN, and Canopy.
In my view sundial and CANN can reward their shareholders with higher profits not because they...
Copied 2017 & 2018 patterns
For this to happen, this needs to occur;
1) Hexo’s Q2 record gross revenue ~50M$ + positive EBITDA - earnings should be released around mid-march.
2) US banking and decriminalization by June
3) Canadian regs change to allow case quantity of Bev purchases - in Q3 2021
ACB about to go parabolic. Similar to Tilray, golden cross about to form between 20 and 200 day moving averages.
The last impulse rallied just shy of 250%, or $10 usd.. With the blue wave on our backs, we should easily see the same impulse of $10 which brings us to $22. There's a gap looking to be filled between $20-$24.
This stock is a Robinhooder's dream....
Nice upward channel, with a falling wedge - featuring as the function of the recent cup & handle formed on NYSE:HEXO .
Macroscopically, this is acting as the right shoulder of an Inverse Head and Shoulders, which takes this to $6 if this very obvious technical confluence fulfills.
This is now my number two long term growth pick, recently supplanted by the winning APHA/TLRY combo. Still a better company than ACB by a good margin. OGI best value and ACB next best value though, these two been in the trenches for most of 2019 relative to the overall industry.
HEXO and SNDL still strugglin but holdin up OK, also great value there but much...