Shorts Covering?Heavy volume today, almost 3X Tilray and nobody even close to Canopy volume...add recession panic and the pot cos are all red, with Canopy volume higher than the aggregate of the rest on my page. Better to cover than lose when it heads north.
Most in the sector should thrive during a recession along with alcohol et al in the 'sin' catagory and if so we will never see Canopy at these levels again if legal, of some form, along with banking stateside is cleaned up and moving forward and done in the near term. Add profit realized or acceptablly close to it for FQ4/22 plus active operation of the US assets, and it is 'moon' time for those that own.
Even the crud is catching on to what is coming, just the odd squeal now and then....soon to be crickets. All the best to those that own. JMHO...Opt