Why HEXO Dived on Friday While Other Marijuana Stocks Soared
Friday was a happily memorable day for the marijuana sector, but you wouldn't know that from the performance of HEXO (NYSE: HEXO) stock. The company's shares cratered by nearly 8% on the day, despite the passage of a historic marijuana decriminalization measure in the U.S. House of Representatives.
But investors had good reason to be bearish on HEXO despite that encouraging development.
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Source Fool.com
