HEXO Corp (TSX:HEXO) (NYSE:HEXO) is one company that has really felt the struggle of the industry’s summer slump, with HEXO stock having dropped over 50% since April.
The Canadian cannabis market has really underwhelmed since legalization last October. As a result of numerous regulatory scandals involving former industry darling child CannTrust Holdings (TSX:TRST) (NYSE:CTST), as well as underwhelming consumer demand and a struggle to post profits for a lot of firms, the “green rush” just hasn’t really lived up to expectations. HEXO stock is one particular stock that reflects these difficulties better than any.
HEXO ...Read The Full Article On PotStockNews.com
Get the latest marijuana stock news, cannabis on stock news on PotStockNews
All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.