Chalice Brands Ltd CHALF

Healthcare Cannabis

Chalice Brands Ltd. is a U.S. operator in the most competitive, innovative and mature cannabis market in North America. Leaders in retail, marketing and craft cultivation supported by fully integrated processing and distribution. The Company has 12 retail stores in Oregon operating as Chalice Farms, Homegrown Oregon and Left Coast Connection and is distributed nationally through Fifth & Root.

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Chalice Brands Ltd

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Post by Actinoliteon Nov 01, 2017 9:15am

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Post# 26886790

Canaccord - EOD trades

Did anyone notice the huge dump by Canaccord yesterday? In the last hour of trading they dumped ~1-million shares at market price and ate through all bids at .165 and a portion of .16.

Is it a Canaccord executing trades for client trying to exit a large position? Or is it something else? I've noticed over the past week the same pattern of trading (large dumps into the bid when there's a large bid able to absorb a few hundred thousand shares at market price). I also noticed last week a pattern of low volume trades by Canaccord in lots of 500. They executed 100s of these trades last week.

I know Canaccord is the broker dealer on record for most of GLH's offerings, but I don't see how this is related.

I'm more curious as to why they would do this more than anything. Any thoughts?

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