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Is It Too Late to Buy HEXO Stock?

TheMotleyFool

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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. So should investors double down on the dip?

Image source: Getty Images

Source Fool.com

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