RE:RE:RE:RE:RE:RE:RE:RE:Canopy has beenThe consolidation notice was last month (or longer ago) and occured prior to the news of Cannabis de-scheduling. The reaction of the market to the consolidation news (the negatives) has already been seen (last month +/-) and now we are seeing the reaction (the positives) to de-scheduling and revised updates on progress going forward with the SAFE banking act.
The same positive developments are being reflected in the Shareprice of many of the Cannabis companies so it's a sector-wide trend / positive reversal for shareholders. This is exactly what investors want to see.
Don't forget that the Bears were betting on Canopy not reporting as well as they did in their last report with the Company beating Street estimates. It should be clear by now that the Bearish bets made over the last couple of months did not consider the earnings beat nor did they take into consideration the possibility of positive progress on descheduling etc.
If you went short then so be it, you can always buy back / cover the trade or simply add Long Position shares. It's your choice, the choice is taken away from the Bears once the shareprice gets so high that they can no longer afford to buy back and that's when the margin calls kick in.
jmho dyodd