The Future Looks Bleak for Hexo Stock; Here’s Why

Hexo (HEXO) stock hasn't been getting a lot of love from the market or analysts lately, as it has plummeted over 80% from its 52-week high. A couple of analysts have also lowered their outlook on the company, seeing it struggling to gain traction anytime soon.Even its joint venture with Molson Coors (TAP) hasn't been enough to turn negative investor sentiment around at this time.In this article, we'll look at the major reasons behind the negative outlook and why it'll take time to know whether o