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Hexo(TSX:HEXO)(NYSE:HEXO) is an intriguing cannabis stock to assess right now. Indeed, Hexo’s stock chart is pretty incredible to look at. Similar to its Canadian peers, Hexo remains well off its speculation-fueled peak in 2019, where the stock was trading well in excess of $40 per share. Today, investors can pick up Hexo stock for around $8.50 at the time of writing.
The more recent near-term chart for Hexo looks a lot better. On a year-to-date basis, Hexo stock is up more than 65% at current levels. Like the sector, Hexo has gotten a boost from favourable sector-specific fundamentals and improved sentiment in this space.