Hexo Updated Trade Thesis (Massive Upside Potential)

(Inverted Chart) My trade thesis for Hexo hasn't changed at all since my last post. As the US moves towards legalization the beat up cannabis sector will see a nice bounce as a whole. One of the most beaten up of the group is Hexo, which is Canada's market leader in adult-use sales. The fundamentals have only continued to improve under new leadership, meanwhile the stock price has dropped by over 90% since the previous highs. Take advantage of this mispricing while the opportunity is present. The market will reward the patient, average down and enjoy the ride to legalization.

Entry: $.67
Target 1: $1.50
Target 2: $3.00
Target 3: $5.00