(This story is component of MJBizDaily’s premium subscription service, Investor Intelligence.)
Days just after Hexo’s CFO resigned, the marijuana enterprise announced a large miss to fiscal fourth-quarter income and withdrew its 2020 income guidance.
The stock has fallen roughly 29% on the news.
The stock move is not a surprise this was a huge miss.
Management expects this quarter’s income to be at CA$14.five million-CA$16.five million versus their preceding guidance of about CA$26 million.
Study much more about what’s behind the rash of unfavorable news and how it will influence Hexo at Investor Intelligence.