HEXO Corp., along with its subsidiaries, is engaged in the production, marketing, and sale of cannabis in Canada. The company operates under the HEXO brand name for adult-use and medical products, as well as under the House of Terpenes, Little Victory, Mollo, XMG brands, and Veryvell for cannabis beverages. Additionally, it offers cannabis products under the UP Cannabis, Original Stash, and Up brand names. HEXO Corp. has formed a strategic partnership with Tilray Brands, Inc. The company was originally established as The Hydropothecary Corporation in 2013 and rebranded as HEXO Corp. in 2018. HEXO Corp. is headquartered in Gatineau, Canada.
How do we estimate HEXO will do in 2023?
The current price of HEXO is $1.64, and we estimate that HEXO will be trading at $2.3 by the 2nd quarter of the year, which was the previous resistance level from 2022. This is a 40% growth within a short span, although we know no one can predict the future and the financial market is full of surprises, We also expect that HEXO will be trading around $1 by the end of 2023, which is 39% lower than today’s current price.
If you are looking for a short-term investment, HEXO will be a very high-risk choice because it has been on a downtrend for 2 years with a previous high of around $150. This is almost a 100% crash with little to no chance of recovery.
How do we estimate HEXO will do in 2024?
We estimate that HEXO will be trading below $0.5 by 2024, which is a 76% drop from today’s price of $1.64. HEXO’s downtrend does not look like it is going to reverse soon, so it is safe to expect lower lows in the coming future.
HEXO’s partnership with Tilray brands is a good step in the right direction, but sadly, this does not come close to affecting the price of its stock. For the past 2 years, the price has been dropping at over 50% a year, and we estimate that this trend will continue in the coming years.
Below is a monthly chart showing the market prices of HEXO.
From the chart above, you can easily denote that HEXO has been declining in price since 2019, with more price declines each year.
How do we estimate HEXO will do in 2025?
By 2025, we expect HEXO to be trading around $0.01. This is not certain because 2025 is far into the future, and there are many external factors that can indirectly influence the price of HEXO, alongside government regulations. There is no current news that indicates a possible turnaround for HEXO, expecting lower prices is only rational.
If you are looking for a long term investment, HEXO will be a bad consideration for your portfolio because it is high-risk. If you really want to buy HEXO, exercise proper risk management and only invest what you are willing to lose.
How do we estimate HEXO will do in 2030?
This is a very rough estimate, but we forecast that HEXO will be trading at $0.01 in the next 7 years. This estimate was based on historical data and technical analysis.
Two other factors could greatly influence HEXO’s position in seven years: changes in US federal laws regarding marijuana and the possibility of acquisition. The legalization of recreational and medical marijuana use in the US could provide a significant boost to HEXO’s prospects if the company could tap into those markets. However, as of now, it is unclear if this will happen. On the other hand, the company may be acquired by a major player such as Molson Coors or another company if the global cannabis market grows more than expected.
The possibility of HEXO being acquired by another company exists, but it is difficult to predict with certainty. If the global cannabis market grows beyond expectations, it may attract the attention of major companies that could potentially acquire HEXO.
Changes in US federal laws regarding marijuana can have a significant impact on HEXO’s stock forecast as it can either restrict or open up the US market for the company. If marijuana were to be legalized for recreational or medical use at the federal level, it would provide a larger market for HEXO to sell their products in and potentially drive up its stock price.
HEXO is a Canadian cannabis company that produces and sells recreational and medical marijuana products. The company was founded in 2013 and is based in Gatineau, Quebec. HEXO operates a variety of production facilities and holds licenses for both medical and recreational cannabis production and distribution.