This is a strain that doesn’t stand out in our inventory but we seem to gravitate towards it for some unknown reason. By the time we were reviewing Tsunami, we had barely enough for the review. We were using Tsunami a bit too much in the late evenings. This is one of the more expensive strain from Hexo.
In comparison to Broken Coast’s Galiano, another variant of Northern Lights with a Haze twist, is comparing a sativa to a sativa with an Indica twist. Tsunami ends heavily reflecting it’s stronger Indica linage. Overall, the Galiano effects are more intense and vibrant at $48 for 3.5 grams in our review. But, Galiano is currently a lighter more airy sativa high with the THC content dropping dramatically in the recent 6 months.
Cost: $42.50 for 3.5 grams
On an investment note, Hexo joins Aphria as two major public LPs with a strong product portfolio that is competitive with the grey market. These two LPs are delivering grey market quality and pricing in a legal environment where the markup to end consumer is 90%. Reduce the government levies and you have producers that can blow away grey market in a blink of an eye.
Hexo, at approximately 10X price to sales (P/S), the most generous valuation metric, is still a bit expensive but should remain on the radar. Keep an eye on their next quarterly results sometime in January 2020 as the Hexo brand is gaining traction as the vendor of choice base on volume and pricing.
About the Up acquisition to represent Hexo’s high end? We have tried Up’s GEMS but did not write a review. In fact, we have almost 3 grams out of 3.5 grams purchased. We were not impressed but we didn’t publish because they are private and they have local rock star sponsorship so nothing good can come out of saying something negative about them. It is no surprise they had to be acquired. And, that’s Hexo’s high end? Yikes … Hexo, you are way better than Up.