Why Hexo Stock Dropped 7% Today
Marijuana stocks are in trouble Friday, as shares of Canadian cannabis company Hexo (NASDAQ: HEXO) tumbled 7% by 11 a.m. EDT after it reported yet another money-losing quarter.
The bad news at Hexo helped pull down shares of peer cannabis companies both larger and smaller, as Green Thumb Industries (OTC: GTBIF) fell 3.5% and Charlotte's Web Holdings (OTC: CWBHF) dropped 2.3%.
Source Fool.com