2020 InvestorPlace Media, LLC. Nasdaq Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. HEXO expects to see its first harvest in the new facility by the end of March and says it is on track to ramp up to annual production capacity of 108,000 kg of dried cannabis. The company now has a market capitalization of $1.8 billion, which is expensive based on the revenue stream, but all of the major marijuana stocks trade at extreme valuations. At the same time, the C$6.9 million operating loss that Hexo reported was wider than the C$6.7 million loss analysts had projected. Copyright © Quebec-based HEXO also finds itself in some trouble. Nonetheless, Hexo ended up selling less cannabis in the quarter than analysts had expected, resulting in less revenue than analysts had predicted. Gross revenue jumped 144% compared to the previous quarter, supported by recreational marijuana sales in Canada and a 39% increase in dried cannabis production. Investors in HEXO Corp. HEXO need to pay close attention to the stock based on moves in the options market lately. However, Bennett says such a result is “unlikely” to happen — especially coming on the heels of back-to-back-to-back sales misses. Hexo’s earnings report yesterday covered Q2 results — and these results fell far short of expectations. It's hard to buy low and sell high if the shares are already overpriced. Smarter Analyst provides coverage of equities research, unique analyst insights, and outstanding articles from knowledgeable contributors, in addition to the latest stock market news, all hand-picked by our editors. Just Released! Please read the Privacy Statement and Terms of Service for more information. Get the latest HEXO Corp HEXO detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Article printed from InvestorPlace Media, https://investorplace.com/2019/09/3-things-hexo-stock/. What about the quarters to come? Like other cannabis companies, many of the challenges Hexo is facing are growing pains due to entering an emerging market. 3 Things You Should Know Before Investing in Hexo Stock Shares of Hexo fell in recent months due to disappointing earnings By Jamie Johnson Sep 27, 2019, 1:45 pm EDT September 27, 2019 HEXO’s stock is currently trading at $8.65 per share, putting it close to its all-time high. Suffice it to say this is not optimistic news. These kinds of partnerships could be very profitable for the company and give it an edge in the coming years. HEXO. The company’s shares have lost more than 80% of their value since. Smarter Analyst was established to fill a gap in financial reporting for sell-side investors, where they can read exclusive reports in real time.