Hexo shares tumble after company announces new shares issued at a discounted price

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OTTAWA — Shares in cannabis firm Hexo Corp. tumbled Friday by as much as 21 per cent on the Toronto Stock Exchange after it announced it would issue about 15 million new shares, a move that could dilute the value of its existing stock. The shares fell to a new 26-month low of $2.03 on the first […]

The post Hexo shares tumble after company announces new shares issued at a discounted price appeared first on Cannabis News | Lifestyle Tips | Expert Opinions | Stocks.

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