Don't Sleep on CANACannamerica (CANA) had some nice news this morning. This stock is ridiculously undervalued at a $1.3M market cap imo. Sure their financials suck but that's the same story for hundreds of other public cannabis companies. This was shorted down to a cent!!!
TD sold 505 shares the other day on the ATS and you know what that indicates? They're short. You can see them driving their bid up to cover their position. They're going to have to slap the ask cause the trend has changed here.
I have heard other investors speak to CEO recently and he mentioned that they're doing well despite the poor revenues this year (coronavirus caused production issues). But they've been expanding into 250+ dispensaries, and their product is a "high dosage" edible and extracts that are of high demand (and profit margin).
Imo, this is cheap at these levels and we could see a trend back to .10 pretty quickly on FOMO of a great opportunity. I'd imagine the big firms who invested in the PP at .60 & .30 have hopes to come out on top one day. Do your DD as always.