Another Day, Another Dollar, Another Down-Round for HEXO and TGOD

As the anno horribilis for cannabis companies and investors comes to a close, it’s important to remember that for some, the pain isn’t over. HEXO’s latest announcement of a US $25.0 million direct placement of 14,970,062 common shares at US$1.67/share with institutional investors, which is expected to close Monday, serves as a reminder. The offer …