Canopy Growth Corp T.WEED

Short position

[BrokerG]

We'll surprise surprise, the short position in WEED increase from 19% of float on May 22nd to 27% of float on June 25th. Coincidentally the share price has dropped from $13.00 on May 22nd to $9.00 today.

Until SAFE is enacted and the institutions can safely get in, this is trading stock only. The difficult part is trying to determine when the shorts want to take this back up. Our technical guys are saying it should increase a week or two before the expiry of the Schedule III public discussions, which end July 22nd.

Thoughts?

[quinlash]

Short position traders are under contract to buy. This is something Roaring Kitty understood and coveyed very well to this YouTube viewers back a few years ago when GME did a gamma squeeze Short positions can be a concern or an opportunity, it really depends on how you view it and can be extremely advantageous to Longs if the company releases any news which is viewed as Bullish

[BrokerG]

Thanks Q. Yes I understand that if Canopy issues good news shorts will get caught. I was hoping for a more robust argument in regard to Schedule III and the technicals. I guess it does not matter since Trump who is not in favour of legalization will be the next US president( I can't believe it), after that disaster last night. Biden HAS to drop out before National Convention in August. Please

[quinlash]

Schedule III news is likely going to come out relatively soon (days / weeks) I suspect.  I'm long-hauling on my Cannabis investments so I am not tracking the expected dates super-close. The debate last night was "interesting".  Biden did better than I expected he would however he still showed Americans how poor his memory is doing. I view him remaining in power as "