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May 18, 2020, 5:37 p.m. EDT

Hexo proposes public stock offering, shares drop 12%

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By Max A. Cherney

Hexo Corp. /zigman2/quotes/206508254/composite HEXO -1.89% /zigman2/quotes/200008967/delayed CA:HEXO 0.00% shares fell 12.3% in the extended session Monday after the company said it planned to raise cash through an equity sale. Hexo did not say how much stock it would sell or name a price. Hexo said it expected to price the shares "in the context of the market" and the terms will be determined when it prices the shares. The company said Canacord Genuity would lead the deal.

/zigman2/quotes/206508254/composite
US : U.S.: NYSE
$ 0.68
-0.01 -1.89%
Volume: 5.02M
July 31, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$277.59 million
Rev. per Employee
N/A
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/zigman2/quotes/200008967/delayed
CA : Canada: Toronto
$ 0.91
0.00 0.00%
Volume: 2.20M
July 31, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$371.83 million
Rev. per Employee
N/A
loading...

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