Interesting read..Cannabis Shorts Are Setting Up A Huge Rally In Marijuana Stocks
Cannabis companies in both Canada and the U.S. have endured a brutal slide in valuations over the past 6 months. A major contributor to this downturn has been the very aggressive shorting of marijuana stocks.
Obviously, traders shorting cannabis companies over this period have done very well. A recent Seed Investor article noted that the Canadian Marijuana Index has
fallen by roughly half over that time.
However, the party (for short sellers) appears to be over. Valuations for Canadian cannabis stocks are now at nearly a 2-year low. But cannabis retail sales in Canada have ignited.
Full report follow link
https://theseedinvestor.com/marijuana-investing/cannabis-shorts-are-setting-up-a-huge-rally-in-marijuana-stocks?sfns=mo&fbclid=IwAR1dR93vWvu3mfr37m5E1IBfOgwEY4MtBs5CuYxDdEPJXAmmnDDS5VTnyUc n