If You Invested $1,000 In HEXO Stock One Year Ago, Here's How Much You'd Have Now

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over the last 12 months is 33.1%. But there is no question some big-name stocks performed better than others along the way.

HEXO’s Difficult Year: One company that has been a big loser in the last year has been Canadian producer HEXO Corp (NASDAQ: HEXO).

HEXO battled a difficult Canadian market throughout 2020.

Fortunately for HEXO investors, the company was still able to generate 69.9% revenue growth in 2020 even amid the -19 pandemic. In the most recent quarter, HEXO reported just 2.3% revenue growth, but the company once again reported a net loss of $20.7 million as it struggles to turn a profit.

HEXO has repeatedly been forced to raise capital by diluting investors with public offerings, and its outstanding share count has ballooned from around 60 million shares to more than …

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