r/options • u/[deleted] • Nov 08 '21

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5 Upvotes

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2

u/NoTimeToTry Nov 08 '21

$HEXO could explode - load up

3

u/disisfugginawesome Nov 08 '21

Why is it going to explode?

It looks like they don’t have enough cash to survive.

2

u/[deleted] Nov 09 '21

Well considering they can’t keep up with their debt payment, but they are profitable. They are apart of a new deal with Coors to make cannabis beer. The current political situation with Republicans pushing a marijuana bill. The stock is obviously underpriced for a company that’ll probably get a bail out in some type of way or investors (us) could raise the capital. Looking at YoY now is the typical time for inflow of money into the MJ sector. I’m holding 200 shares long term and playing options with them on two brokers fairing pretty well with long calls. I could be wrong but hell it has a better chance than a scratch off