RE:RE:RE:Christmas Comes Early for Valens Investors !!While the shorts may be at work here, I don't think it can be the sole reason for the decline.
Any institutional short sellers would have to dismiss the compelling transformation of VLNS into a Procter and Gamble style consumer products company. All these guys (VLNS and the institutional investors) went to biz schools that seem to lionize the model.
Secondly, the percentage of their float sold short is less than 11%, unlike the big boys.
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-short-sales-on-the-tsx-air-canada-shopify-and-cannabis-are-in-the/
Tax loss selling, lack of volume are also issues as is sectoral dislike, which may be all related to depress the share price. Less so the $4-5 million per month in losses chesnut that a poster here has pulled out of their a$$. Plus, share consolidation does not necessarily lead to a lower price. PD did a 20:1 conversion and even with recent weakness I am up 213%.
My immediate concern though is Sundial. I noticed they have been selling securities in other companies. If they need capital ( like $4-5 million per month), that could be a perfect storm for VLNS at this juncture