Investors love the new forecast and report for Hexo Corp(HEXO)

Hexo Corp(HEXO) is a stock of interest due to the large impact the company has on the market. Here at Wall Street Facts we only cover the best stocks so make sure you check out our other articles. Today we will be diving deep into all of the essential information you need to know about HEXO. We will be studying the movement so you can make the best decision as an investor.

First, here is information about the company and how it functions: HEXO Corp. is a consumer packaged goods cannabis company, which creates and distributes products to serve the global cannabis market. It serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis. The company was founded by Sébastien St. Louis and Adam Miron on October 29, 2013 and is headquartered in Kanata, Canada.

The stock has moved upwards today by 0.70%. The high for today is 6.65 and today’s low is 6.50. This information is critical in deciding whether this investment is risky or not. We can see the stock is trending upwards, which means the volume of people buying this stock is greater than people selling it. Next we will be going over the forecast.

As an investor, you can get an idea where the stock is trending by the forecast. In this case the high forecast for Hexo Corp is $12.00 and the low forecast is $9.00. We can get a look into the future by looking at past trends. Looking at Hexo Corp’s 5 year movement it seems it has grown 10%. Overall, Hexo Corp is in great shape going forward. They have a strong market cap of $1.01B and a very bright future ahead fo them.

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