While it is true that the entire marijuana sector has been beaten down over the course of the past few months, some underperforming stocks do stand out, and one of those is HEXO stock.
Earnings Put PressureAlthough some companies did manage to bounce back with impressive Q2 2019 results, HEXO Corp’s (TSX:HEXO) (NYSE:HEXO) financial results proved to be a disappointment and the stock has continued to slide. HEXO stock eventually dropped to a 52-week low of $3.70 this morning, and the company is now trading below the psychologically important valuation of $1 billion USD. Hence, ...
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