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Why HEXO Stock Surged Today

TheMotleyFool

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Shares of HEXO (NYSE: HEXO) rose sharply on Monday after the cannabis company announced that it has received a license amendment for its cannabis manufacturing and processing facility in Belleville, Ontario.

As of 1:30 p.m. EDT today, the stock was up more than 10% after rising as much as 19% earlier in the day.

HEXO's license now allows for the sale of cannabis dried flower, extracts, topicals, and edibles products at its Belleville facility. The license also includes a new beverage production area for its Truss/HEXO beverage division.

Source Fool.com

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