Buds & Duds: HEXO Corp up on 3Q earnings report, Charlotte's Web down on new acquisition
The North American Marijuana Index fell more than 4 percent to 100 points today.
HEXO Corp. (NYSE:HEXO) was trading up more than 8% on news it reported that its revenue increased 30% to $30.9 million CAD in its third quarter. Its CEO remarked on the good news by saying quote “I’d like to take this opportunity to thank the HEXO team who has worked tirelessly during the COVID 19 pandemic to keep the doors open and ensure the safety of our employees and our customers.”
Boulder, Colorado based Charlotte’s Web Holdings (TSX:CWEB) (OTCQX:CWBHF) fell more than 9% in early morning trading, the firm announced it acquired Abacus Health Products (CSE:ABCS) (OTCQB:ABAHF) a company specializing in over-the-counter topical products combining active pharmaceutical ingredients with hemp extract.
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/921731/buds--duds-hexo-corp-up-on-3q-earnings-report-charlotte-s-web-down-on-new-acquisition-921731.html
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