HEXO Could Rise 33% on New Consumer-Branded Partnerships, Says Analyst
With HEXO (NYSE: HEXO) saying it is in the final stages of forging new partnerships with major consumer packaged goods (CPG) companies, at least one analyst says there's a lot more upside in the Canadian marijuana producer.
BMO Capital analyst Tamy Chen told investors in a research note that HEXO had disappointed the market with its lower-than-expected penetration in stores outside of Quebec, but as it expands distribution through branding opportunities with additional agreements, she said, the marijuana grower will see momentum return.
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Source Fool.com
