Another Cannabis Stock Is Disappointing Investors
Cannabis investors are too familiar with disappointment these days as many pot companies have been finding it hard to avoid publicity for all the wrong reasons. Whether it's scandals or disappointing quarterly results, cannabis investors have had to deal with many challenging issues this year.
However, there's one company that's been running into issue after issue lately, and that's HEXO (NYSE: HEXO). In just the past month, the stock has lost more than 40% of its value and here's why.
What seemed to initiate the sell-off of HEXO's shares was news that its chief financial officer was resigning from his position. While there could be reasons for the departure that are unrelated to problems at the company, it's still unsettling for investors given that it's a key role and that he was just hired in May of this year.
Source Fool.com
