Hexo stock slides another 6% to weigh on cannabis sector after job cuts prompt downgrade

By marketwatch.com / November 8, 2019 November 8, 2019 / CBD / Cannabis Cure, Cannabis Food, Cannabis for Business, Cannabis Health Benefits, Cannabis Industry, Cannabis Industry & Marijuana, Cannabis News, Cannabis Reviews, Marijuana Can Offer Relief To Patients, Marijuana Can Offer Relief To Patients Review, San Diego Cannabis, San Diego Cannabis Clubs, San Diego Cannabis Reviews, San Diego Illegal Cannabis Clubs

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Source: marketwatch.com

Hexo Corp. stock fell another 6% Friday, bringing its weekly losses to 14%, after CIBC downgraded the stock and said the 200 job cuts announced Thursday were the latest sign of the challenges facing the Quebec-based cannabis company. “Compressed margins, lower Quebec market share.

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Hexo stock slides another 6% to weigh on cannabis sector after job cuts prompt downgrade

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