Why HEXO Dived on Friday While Other Marijuana Stocks Soared

Friday was a happily memorable day for the marijuana sector, but you wouldn't know that from the performance of HEXO (NYSE: HEXO) stock. The company's shares cratered by nearly 8% on the day, despite the passage of a historic marijuana decriminalization measure in the U.S. House of Representatives. In what can't be classified as an instance of ideal timing, as the House was preparing its vote, HEXO announced that it has scheduled an annual general meeting (AGM) of shareholders for Friday, Dec. 11.