Is It Too Late to Buy HEXO Stock?

·3 min read
Is It Too Late to Buy HEXO Stock?

Shares of Canadian marijuana grower HEXO (NYSE: HEXO) plunged by 7% on June 14 after the release of subpar earnings for third-quarter 2021 (ended April 30). As the soon-to-be largest marijuana producer in Canada and its top producer of cannabis-infused drinks, investors had pretty high expectations for the company. Instead, HEXO's revenue growth stalled, its losses continued, and its debt ballooned.

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