BENSALEM, Pa.–(BUSINESS WIRE)–$HEXO–Law Offices of Howard G. Smith announces an investigation on behalf of HEXO Corp. (“HEXO” or the “Company”) (NYSE: HEXO) investors concerning the Company and its officers’ possible violations of federal securities laws.
On October 10, 2019, HEXO provided preliminary fourth quarter 2019 financial results, expecting revenue between $14.5 million to $16.5 million, well below previous guidance expecting CAD $24.8 million. The Company also withdrew its fiscal 2020 outlook.
On this news, HEXO’s share price fell $0.83, or over 22%, to close at $2.85 on October 10, 2019, thereby injuring investors.
If you purchased HEXO securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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