Cannabis producer Hexo Corp.’s stock dropped 4% in Tuesday trading amid concerns about flooding near its production facility in Gatineau, Quebec, but the company said the facility was not at risk.

Record flooding has hit the Ottawa River, according to multiple reports from Canadian media, affecting Canada’s capital and several neighboring cities, including Gatineau, where Hexo’s HEXO, -1.22% HEXO, -4.25% cannabis facilities are located. Rain is expected to continue through early Thursday morning, dumping as much as 1½ inches on the already soaked region.