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

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