Why HEXO Tumbled Nearly 9% Today

·2-min read
Why HEXO Tumbled Nearly 9% Today

HEXO (NYSE: HEXO) was nobody's idea of a euphoric marijuana stock on Tuesday. HEXO has launched an at-the-market equity program allowing it to sell up to 150 million Canadian dollars ($124 million) worth of its common stock. Sales of the newly minted shares can, and almost certainly will, take place from time to time at HEXO's discretion.

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