RE:heres a read on why the weed stocks are held down541house wrote: https://financialpost.com/cannabis/how-a-handful-of-hedge-funds-cornered-cannabis-financing-and-made-a-killing-in-the-process
Exerpt from the article:
....On a basic level, it is understood that retail investor excitement over the cannabis industry has been crucial to the hedge funds’ success.
For the past several years, retail investors have been eager to snap up almost any cannabis-related security, providing a cushion of demand that doesn’t exist in other Canadian small-cap spaces such as junior mining or oil and gas exploration.
In some instances, that has allowed funds to cash out of their positions almost immediately following bought deal financings, leaving them to profit from “sweeteners” such as share purchase warrants, but with little skin left in the game in terms of the companies involved.t from the article.....
(as I explained after the last financing last July.) GLA