Pot producer Hexo withdraws 2020 forecast, shares slump

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GMP Securities Downgrades Hexo Corp. (HEXO:CN) (HEXO) to Hold

October 11, 2019 7:29 AM EDT

GMP Securities analyst Robert Fagan downgraded Hexo Corp. (HEXO:CN) (NYSE: HEXO) from Buy to Hold with a price target of Cdn$4.00 (from Cdn$9.50).

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Roth Capital Downgrades HEXO Corp. (HEXO) to Neutral

October 11, 2019 4:41 AM EDT

Roth Capital analyst Scott Fortune downgraded HEXO Corp. (NYSE: HEXO) from Buy to Neutral with a price target of $3.00 (from $10.00).

The analyst comments "HEXO announced preliminary 4Q19 revenues between $14.5 and $16.5M, well below consensus $24.63, bringing its FY19 revenues between $46.5 and $48.5, also well below... More

Cannabis Stocks Slammed as HEXO Warning Does Not Bode Well for Upcoming Earnings Season

October 10, 2019 11:44 AM EDT

Cannabis stocks are under heavy pressure Thursday related to a major financial warning from HEXO Corp (NYSE: HEXO) this morning, which as bear Gordon Johnson... More