Are These Marijuana Stocks Ready For The New Year?
The cannabis industry is ripe with opportunity. With so much shifting so quickly, it can be difficult to keep up with where the industry is heading. One of the key things to look out for is the value that each marijuana stock can offer. This is usually highlighted in quarterly reports and the news that gets put out. After recent updates, could these marijuana stocks ready for a big, new year in 2020?
Marijuana Stocks To Watch Heading Into January
Many of the most popular pot stocks in the market have seen some gains in the past few weeks. This could be just some new year’s optimism or just a coincidence. Whatever it is, there seem to be some pot stocks that are worth watching. Here are a few to look at before January.
HEXO Corp. (HEXO) Announces US$25.0 Million Registered Direct Offering
HEXO Corp. (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced it has entered into a definitive agreement with institutional investors for the purchase and sale of 14,970,062 common shares at an offering price of US$1.67 per share for gross proceeds of US$25.0 million before deducting fees and other estimated offering expenses, pursuant to a registered direct offering…Given the discount to market, shares slid before the open, but can they bounce back before the close?