HEXO Corp. said that its common shares have been approved for listing on the NYSE and will begin trading at the open of markets on January 23. HEXO’s shares will trade on the NYSE American under the ticker symbol “HEXO”, the same symbol the Company’s common shares currently trade under, and will continue to trade under, on the Toronto Stock
Exchange.
Symbol: HEXO.TO
Shares Issued
198,208,966
HEXO Corp (OTC PINK: HYYDF) (TSX:HEXO.TO) made headlines at the tail-end of December when the company announced that they recently reached a construction and licensing milestone with the first phase of their 1 million sq. ft. greenhouse expansion. The expansion is ready and licensed on time and on a budget for plants to move in.
According to a press release regarding the expansion, Sebastien St. Louis, HEXO Corp's CEO and co-founder, said, "Receiving initial licensing on our 1,000,000 sq. ft. the facility is a huge accomplishment for the entire HEXO team. We are proud that the construction project is hitting all its milestones while respecting aggressive timelines and staying on budget. The new production facility allows us to continue to scale-up which, once fully operational, will give customers across Canada access to HEXO products. Our team has been hard at work for the past couple of months nurturing new mother plants and preparing cuttings. We will start moving plants into the new facility with the pre-prepared mother plants and cuttings in alignment with our continuous harvest methodology."
HEXO raising $50 Million dollars:price to be determined prior to closing of the offer.
With the announcement today Hexo executives are betting the stock will be much higher in 30 days...they have two HUGE Banks leading the sale of these stocks CIBC and BMO
That is a HUGE endorsement from Canadian Banks
Point and Finger Pattern Shows Double Top Breakout In Jan 21 2019
In the P&F world, Double Top Breakouts are bullish patterns that are confirmed with a resistance break. With bar charts, on the other hand, Double Top Breakouts are bearish patterns that are confirmed with a support break. These patterns are not contradictory. They are simply different patterns with similar names.
Technicals say the trend is your friend to $9.00+, RSI 64.94,
Fibonacci shows that a pullback downside is at 6.54 would be 61.8%
MACD is solid in the uptrend zone
Fast Stochastics Black Line Is Well Over The Red Trigger Line
The short % has dropped to 13.55% of public outstanding share float
The trend says $9.00 is possible before 30 days
The 52 week high was 9.29
The PUT/CALL Ratio Tells The Tale = $9.00+ Possible
The Covered Calls Shows A Potential Return Of 17.8%
The Potential Profit Possible
Notice To Reader:
We have NOT received any remuneration for this HEXO summary.
We are long HEXO and reserve the right to sell at any time without notice to the reader.
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