Pot Stock Hexo Extends Run to Record as Desjardins Joins Bulls
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Hexo Corp., the Canadian marijuana grower whose shares have more than doubled this year, gained momentum on Friday, rising for a third-straight day to hit a record and leading other pot stocks higher after garnering another buy rating.
Desjardins Securities initiated coverage of the company with a price target of C$14 per share. The bank, one of 14 bulls on Hexo, cited the company’s joint venture with Molson Coors Canada.