Why Hexo Stock Has Climbed 14% So Far in 2021
Canadian cannabis company Hexo (NYSE: HEXO), which began 2021 at $3.72 a share, closed at $4.20 on Monday after going as high as $10.28 in February. So far this year, the stock is up more than 14%. Some of that is due to the general excitement surrounding cannabis stocks as several states opened to medical or adult-use sales.
The up-and-down nature of Hexo's ride also has a lot to do with the company's spate of acquisitions and mixed financial reports.
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Source Fool.com
