Topic: How To Invest

Q: Pat: What is your recommendation on Hydropothecary Corp. as a cannabis stock? I hear it’s also hooked up with Molson Coors. Thanks.

Article Excerpt

A: Hexo Corp., $5.86, symbol HEXO on Toronto (Shares outstanding: 193.6 million; Market cap: $1.1 billion; is a Canadian-based producer and distributor of medical cannabis with production facilities in Quebec. In addition, the company will participate in the recreational cannabis market when it becomes legal on Oct. 17, 2018. Hydropothecary listed on the TSX Venture Exchange in March 2017 and moved to the main Toronto Stock Exchange on June 22, 2018. The company changed its corporate name from Hydropothecary Corp. on August 29, 2018. It will continue to use the Hydropothecary name for its medical products; any of its products directed at the recreational market will carry the new Hexo brand. Under license from Health Canada, Hexo started production of medical cannabis in 2014 and subsequently gained approval to transport and sell marijuana in various formats. That includes oils. Its production facilities are located in Gatineau, Quebec, on a 143-acre lot. The 300,000-square-feet of greenhouse facilities have a production capacity of 25,000 kilograms…

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