HEXO (NYSEMKT:HEXO) is the next-best performer among these four marijuana stocks, climbing 102% in the first two and a half months of the year. The Canadian company, headquartered in Gatineau on the Quebecois side of the Ottawa River just north of the nation's capital, has made a big splash in its home province. HEXO gets the vast majority of its revenue from sales in Quebec, and it's increasing its production capacity to serve that fast-growing market.Investors are also excited about HEXO's recent strategic move to purchase Ontario-based peer Newstrike Brands. By doing so, HEXO will get a broader reach across the nation while also adding nearly half a million square feet of production capacity to its already impressive footprint. That could vault HEXO closer to the top of the industry -- and lead to long-term stock gains as well.
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