HOUSE 1 DUMPINGHouse 1 (Anonymous), in the first hour has dumped over 100,000 shares. This is Funds dumping, and typically they don't care how it impacts the share price. While it can (is) devastating to the share price, it typically represents a small portion of their overall holdings. That's why they don't care.
If Funds collectively start unwinding here, and it certainly looks that way, it's going to be very very ugly. For Weed, it's doubly bad, as they are selling the stock based on the horrible projections, and also selling due to overall redemptions from a collapsing broader market.