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Is HEXO Stock a Buy?

TheMotleyFool

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Pot stocks took a tremendous beating in 2019, and most kicked off 2020 trading on Thursday at prices near their 52-week lows. HEXO (NYSE: HEXO), a top Quebec-based cannabis grower and distributor, is a prime example.

After its landmark acquisition of Newstrike Brands, which catapulted HEXO's shares to an all-time high in May, the stock abruptly reversed course during the early days of summer. The pot titan's shares went on to lose a whopping 80% of their value over the final seven months of 2019.

Image Source: Getty Images.

Source Fool.com

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