HEXO stock rallied in the middle of April following the Bank of America’s bullish calls, but on Tuesday HEXO Corp (TSX:HEXO) (NYSE:HEXO) lost 5.56%, closing at $7.82 on the NYSE American following concerns of flooding near its Gatineau facility in Quebec.
Flooding Concerns in Gatineau FacilityHEXO Corp has, however, indicated that the facility is not at risk. Floods hit the Ottawa River, causing flooding in parts of Quebec but the Gatineau facility appears to be dry. The rain is expected to continue through Thursday, dumping close to 1.5 inches of rainfall in the region.
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