RE:share price drop?It does not seem to have anything to do with Nextleaf. We should know for sure when the CEO soon talks to the media in relation with today's release of positive Q results.
Otherwise, we will probably never know. I saw only 2 or 3 massive sellers + a few weak hands. Maybe they decided to take their profits or needed the money to cover losses elsewhere or face some March 1st charges. Maybe we will see the same manipulators buying back their shares tomorrow with the hope of closing the trade with a profit. But they can't sell twice the same shares.
What is sure is that every sold share has rapidly found a willing buyer. Including deep pocket buyers, able to face the tide without questioning Nextleaf's solid base. It is just normal that the share price didn't have time to recoup all the lost ground. It could take a little while, just to make sure the crazy sellers are done. But it looks really cheap as it sits now at 14 cents.