Investor Intelligence: Rapid Reactions

Time-sensitive analysis of major developments as they unfold.

Hexo raises capital but doesn’t learn its lesson

You would think the sting of a 30% stock price drop after Hexo Corp.’s preannouncement of a huge miss for fiscal fourth-quarter revenue and withdrawal of 2020 revenue guidance would have persuaded company management to introduce some conservatism when communicating with investors.

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Weekly Wrapup: Cresco beats on sales and margins, KushCo secures credit, Schottensteins boost investment in Green Growth Brands and more

Cresco beats on sales and margin, focuses on brands and distribution The main earnings news for the week was Cresco Labs’ (CSE: CL) second-quarter beat on sales and margin – and its surprise positive EBITDA. Sales of $29.9 million were 8% ahead of the consensus estimate of $27.8 million, as the Illinois-based company noted revenue […]

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