SIMPLIFICATIONA MASSIVE upside day, and WEED continues its decline. For those who still don't get it, here is the situation simplified.
NO legalziation in the U.S. (only decriminalization at best) = NO U.S. upside dream = Continued unfathomable cash burn ($4 Billion in 2 years?? Wtf!) = Future dillution at lower prices for even more cash burn = Ever decreasing share price =Ever-sickening Bagholders.
I would absolutely revisit this stock if legalization was ever on the horizon, but it's just not going to happen for years. It was a nice Biden/Dem dream of shareholders for this to happen, however the reality speaks otherwise.