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Why Hexo Is Rising 7% Today

TheMotleyFool

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Shares of Hexo (NASDAQ: HEXO) are up 7% in morning trading Monday, rising to $0.67 per share at 11:30 a.m. ET, on no particular news for the company. However, today is a pretty big day for fellow pot stock Sundial Growers (NASDAQ: SNDL) as it faces imminent delisting from the Nasdaq exchange for failing to maintain a stock price above $1 per share.

Hexo got a similar notice from the exchange last week and it now has six months to regain compliance.

Image source: Getty Images.

Source Fool.com

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