Marijuana stocks soared in 2018 after Canada legalized recreational cannabis. However, 2019 was disastrous for cannabis companies and their stocks. Most of the companies have lost a considerable amount of their stock value. Hexo stock lost 70% in 2019. Hexo was one of the first cannabis stocks to be listed on a major stock exchange. Now, the stock might get delisted from the exchange. Hexo disappointed investors with its first-quarter earnings. The company missed analysts' revenue estimates of 15.6 million Canadian dollars and reported 14.5 million Canadian dollars.