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Why Hexo Was Sinking on Thursday

TheMotleyFool

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Investors weren't catching Hexo's (NASDAQ: HEXO) buzz on Thursday. The marijuana stock was down by over 6% in late afternoon trading, in an apparent reaction to the appointment of a new company executive.

That new Hexo executive is Guillaume Jouët, who is taking the role of chief people and culture officer at the Canadian marijuana company. He will formally begin his tenure on Sept. 8.

Image source: Getty Images.

Source Fool.com

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