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HEXO’s Results Weighed Down Cannabis Sector Last Week

HEXO’s Results Weighed Down Cannabis Sector Last Week

Weakness in the cannabis sector continued last week, especially after HEXO (HEXO) reported its earnings on June 12. HEXO's earnings largely disappointed the market, and the stock plunged almost 16% in the following days. HEXO's YTD returns stood at 59% as of June 14 despite the sell-off after its earnings.