Mirae Asset Boosts its Stake in HEXO Stock

According to a recent Form 13F filing submitted to the SEC, Mirae Asset Global Investments Company disclosed a noteworthy and bullish investment in HEXO stock. Here’s what you need to know about HEXO Corp., as well as Mirae Asset Global Investments Company and their long position in shares of HEXO stock:

About Mirae Asset Global Investments Company, Ltd.

Seoul, South Korea-based Mirae Asset Global Investments Company, Ltd. is a large institutional investment management firm with discretionary assets under management of over $9 billion as of a recent Form ADV, and over $205 billion according to their website. Mirae Asset Global Investments was founded in South Korea and now operates worldwide across 13 major financial markets, where they take a collaborative approach in managing a fully diversified investment platform.

About HEXO Corp. (HEXO)

HEXO Corp., together with its subsidiaries, produces, markets, and sells cannabis in Canada. The company offers its adult-use and medical products under the HEXO brand name. It also provides cannabis beverages under the Little Victory, House of Terpenes, Mollo, Veryvell, and XMG brands; and cannabis products under UP Cannabis, Original Stash, and Up brand names. It has a strategic alliance with Tilray Brands, Inc. The company was formerly known as The Hydropothecary Corporation and changed its name to HEXO Corp. in August 2018. HEXO Corp. was founded in 2013 and is headquartered in Gatineau, Canada.

Mirae Asset Global Investments Buys Stock in HEXO

According to the most recent 13F filed by Mirae Asset Global Investments, the firm added 4,663,197 shares of HEXO stock to it holdings in the recent quarter. That brings their total long position in HEXO Corp. to 13,285,252 shares, representing approximately 2.2106% of the 600,988,028 HEXO shares outstanding. Based on the most recent closing price of $0.18 per share of HEXO, the entire Mirae Asset Global Investments position in HEXO Corp. is worth roughly $2,451,128.99.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Mirae Asset Global Investments Company ., Ltd.. Also be sure to check out more recent 13F filing analysis news here.