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Why Oppenheimer Cut HEXO’s Rating

Adam Jones
Why Oppenheimer Cut HEXO’s Rating

Yesterday, HEXO (HEXO) ended the day about 4.5% lower after Oppenheimer cut the company’s rating to “perform” from its previous “outperform” rating. HEXO was one of the best performers among the Canadian cannabis companies with a YTD return of 53%, which is still impressive when compared with Tilray (TLRY), which is in the negative territory YTD.