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 battled a difficult Canadian cannabis market throughout 2020.
Fortunately for HEXO investors, the company was still able to generate 69.9% revenue growth in 2020 even amid the COVID-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 …