Well, Its all or nothing. Thinking for the long-term gain that HEXO has a bright future. I'm betting on another split and that the price rises like it has previously with promising earnings and a financial plan in place, Secured sub-companies and partnerships that HEXO will be one of the leaders in the industry, be it bud, extracts and beverages. HEXO will stick out as a Canadian brand and sell well across North America in the Recreational Market for Generations.
Ideally the Marijuana Business picks up again, HEXO has always succeeded at innovating on hardware and technology in there Manufacturing Facilities, they grow and process fresh, potent bud. HEXO stands on a strong foundation, just has a few cracks in the financial department. Once the bugs get ironed out it'll be business as usual. If there's one thing that bugs me about HEXO's situation is it now has to buy back the properties it operates under but that's just my opinion. After all it is a Marijuana Company not a Building Contractor.
Anyway, I believe to stock will rise, how much is anyone's guess. At this point it would be nice to at least break even knowing a lot of people are holding at the top, there's still time to get the ball rolling. There's the potential that the company gets back on its feet and is able to distribute a small yield on its shares for the Shareholders that stuck with them till the new beginning. It's a big gamble but I'm willing to save the company from its rough start with as little of allocation I have after Investing into something more stable of a return. I'm going long because at 0.72$ CAD I'm currently -37% and betting on at least a 12% return after breaking even at an average price of 3.10$ CAD as I'm writing this before the bell..
I hope I don't regret this decision but I'm going with my gut and sticking with my guns. Let me know what you think and if there's anything you'd add or take away form this. Maybe a short trade would be best to recover some losses.
Ideally the Marijuana Business picks up again, HEXO has always succeeded at innovating on hardware and technology in there Manufacturing Facilities, they grow and process fresh, potent bud. HEXO stands on a strong foundation, just has a few cracks in the financial department. Once the bugs get ironed out it'll be business as usual. If there's one thing that bugs me about HEXO's situation is it now has to buy back the properties it operates under but that's just my opinion. After all it is a Marijuana Company not a Building Contractor.
Anyway, I believe to stock will rise, how much is anyone's guess. At this point it would be nice to at least break even knowing a lot of people are holding at the top, there's still time to get the ball rolling. There's the potential that the company gets back on its feet and is able to distribute a small yield on its shares for the Shareholders that stuck with them till the new beginning. It's a big gamble but I'm willing to save the company from its rough start with as little of allocation I have after Investing into something more stable of a return. I'm going long because at 0.72$ CAD I'm currently -37% and betting on at least a 12% return after breaking even at an average price of 3.10$ CAD as I'm writing this before the bell..
I hope I don't regret this decision but I'm going with my gut and sticking with my guns. Let me know what you think and if there's anything you'd add or take away form this. Maybe a short trade would be best to recover some losses.