Why Marijuana Stocks HEXO and Organigram Holdings Got Trounced on Friday

HEXO (NYSE: HEXO) and Organigram Holdings (NASDAQ: OGI) both declined more steeply than the overall stock market on Friday (in excess of 3% in both cases).

What seems to have triggered this sell-off is a new class action lawsuit that hit the headlines that day, in which HEXO and Organigram -- among other Canadian marijuana companies -- were named as defendants.

Image source: Getty Images.

Continue reading

Source Fool.com