RE:I think the present weakness in the cannabis stocks has a I think the problem is they weed stocks all have over half a billion shares outstanding. The companies used their over valued stock to buy wildly overvalued private co's. Now that the speculation multiples has collapsed shareholders are paying for years of future stock issue. XLY has 3/4 of a billion shares outstanding. Plus they have convertible debentures outstanding. With little revenue they pay the interest with shares. The deb holders sell the stock. Anytime a company with no revenue issues a convertible its a death wish. XLY will not come back anytime soon.