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Is HEXO Stock a Buy?

TheMotleyFool

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On Oct. 29, Canadian pot producer HEXO (NYSE: HEXO) reported fourth-quarter and full-year fiscal 2020 earnings. The company brought in sales of $110.1 million Canadian, which represented 86% growth from fiscal 2019. However, the company's net loss was an enormous CA$546.5 million.

Many investors are now wondering whether now is the time to add more to their holdings or if they should ditch the stock altogether. Does HEXO have any chance at redemption?

Image source: Getty Images.

Source Fool.com

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