Canadian marijuana shares had been getting slammed on Thursday, few extra so than Hexo Corp., which had misplaced almost 1 / 4 of its worth by noon.

Hexo inventory (ticker: HEXO) fell after the corporate mentioned it expects fiscal fourth-quarter internet income of between C$14.5 million (US$10.9 million) and C$16.5 million—nicely beneath earlier estimates of about C$26 million. The corporate additionally withdrew its outlook for the brand new fiscal 12 months.