RE:RE:RE:Reverse splitYou guys are completely overlooking the fundamentals (as usual). The R/S improved the EPS numbers which means on a EPS measure the R/S moves the stock closer to reporting EPS positive.
You can Google "does a reverse split improve stock EPS" to get further details.
Canopy can be speculated to be selling additional product into Germany now that the market opened. So upcoming quarter report(s) can be expected to start capturing this.
The stock is apx 31% undervalued based on simple book value and likely (I would need to double check) that the marketcap is also understated against the Enterprise Value.
I'm not expecting daytraders to change their spots and start holding long as they tend to be impatient and prefer small gains on trades. Larger individual investors and / or an institutional investor can change the float dynamics on this stock in the blink of an eye with the stock adjusting back up, or over, these minimum levels.
Insider buying cannot be ruled out as well. Combined, a group of insiders could also also pull in a large number of shares out of the free float.
I invest long-term, these events are likely IMHO, timing TBD but it's what I see as pending. It makes no difference to me if I have to patiently wait for it