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HEXO Corp.

Company NameHEXO Corp.
Stock SymbolHEXO
Class PeriodJanuary 25, 2019 to November 15, 2019
Lead Plaintiff Motion DeadlineJanuary 27, 2020

On October 10, 2019, HEXO provided preliminary fourth quarter 2019 financial results, expecting revenue between $14.5 million to $16.5 million, well below previous guidance expecting CAD $24.8 million. The Company also withdrew its fiscal 2020 outlook.

On this news, HEXO’s share price fell $0.83, or over 22%, to close at $2.85 per share on October 10, 2019, thereby injuring investors.

 

 

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