Despite a very rough 2021, Hexo (NASDAQ: HEXO) could well be one of 2022's cannabis turnaround stories. Though the Canadian marijuana grower is growing its revenue rapidly, its highly inefficient operations are finally getting attention from management.
But will the company's new strategic plans to cut costs while continuing to grow pan out or founder? Could its market cap of $296.42 million have a chance of returning to the heights of 2021, when Hexo was valued at as much as $820.95 million? Let's look at an argument for each of these possibilities to find out.
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Source Fool.com