HEXO's Biggest Problem Is One That Investors Simply Can't Ignore
It's time for a mea culpa. I have been unabashedly optimistic about the prospects for Canadian cannabis producer HEXO (NYSE: HEXO). My view was that the company was on the right track. I liked HEXO's partnership with Molson Coors and thought the company would likely be one of the top winners in the Cannabis 2.0 derivatives market.
Now I'm not so sure.
HEXO announced last Friday that its CFO was unexpectedly leaving. I didn't see that as overly worrisome at the time based on reading between the lines of the press release about his departure. But the company now has an even bigger problem. In fact, I'd say it's the biggest problem of all for HEXO. And it's one that investors simply can't ignore.
Source Fool.com
