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Why Hexo Stock Is Jumping Today

TheMotleyFool

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Shares of Hexo (NYSE: HEXO) were jumping 5.9% higher as of 11 a.m. EDT on Thursday. The gain came after the Canadian cannabis producer announced its fiscal 2021 second-quarter results before the market opened.

Investors liked what they saw with Hexo's results. The company generated net revenue of 32.8 million in Canadian dollars, a whopping 94% year-over-year increase and up 12% from the quarter ending Oct. 31, 2021.

Image source: Getty Images.

Source Fool.com

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