RE:RE:Interesting dayAbout 30 million shares bought and sold yesterday. At least 200 million held by insiders and institutions.
Got the sheep moving for sure and today's shareprice holding it's own is positive.
You have just experienced how a shareprice can fluctuate violently and the reality is that this pot market is crazy enough that the sp could go to zero.\
If this is short covering, that would indicate a change in direction that now is the time to reverse sentiment.
STZ could jump in for a couple of hundred million and own it all and that is peanuts compared to the $5 billion they put up in the first round.
Remember that they are major shareholders, like 70% of the shares are owned by them as well as Acreage Fixed shares and they bottom fed on most of their US investments for a reason. They are all desirable, generating revenue and hot ticket skus that they plan on putting under the CGC USA umbrella.
STZ isn't hurting and rewarding their shareholders decently. We can only hope that they continue this with the Canopy and Acreage shareholders.
STZ kept putting up money and I think they will continue to do that to make this a success.
They are already stopping the drain in Canada and moving towards the US with serious intent.
If we get a short squeeze, the sky is the limit!
jmho glta and dyodd