Why Hexo Stock Was Down 11.8% This Week | 電影影評網
![Why Hexo Stock Was Down 11.8% This Week](https://i.imgur.com/FK6P5g9.jpg)
2021年12月17日—SharesofCanadiancannabiscompanyHexo(HEXO-0.61%)(TSX:HEXO)dropped11.8%thisweek,accordingtodatafromS&PGlobalMarket ...
![Why Hexo Stock Was Down 11.8% This Week](https://i.imgur.com/FK6P5g9.jpg)
The Canadian cannabis stock, already below $1 a share, fell even further.
What happenedShares of Canadian cannabis company Hexo (HEXO[1]) (TSX:HEXO[2]) dropped 11.8% this week, according to data from S&P Global Market Intelligence[3]. The stock, which closed at $0.9531 last Friday, fell to as low as $0.78 a share on Wednesday, its lowest point in two years. The stocks 52-week high is $11.04 per share and its down more than 77% so far this year.
Image Source: Getty Images
So whatThere are plenty of concerns regarding Hexo stock, not the least of which is the threat of it being delisted from the Nasdaq, as the stock has been mired under $1 a share for most of the month. Last year, the company, which was then on the New York Stock Exchange, was in a similar position before it did a 4-for-1 reverse split to raise its share ...
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