In an email to Benzinga, CANN CFO Christopher Taylor said that “the management of the company [is] as shocked as anyone,” further noting that “this does not pertain to any of the restricted shares owned by the founders or officers.
"This relates to stock that has been sold that is free trading, and we have no control over these sales."
420 Investor Alan Brochstein called CANN “one of the best companies in the [cannabis] space,” noting that this is most likely a third-party problem with an individual investor breaking the rules.