Abattis Bioceuticals Corp. (ATTBF)

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Why Pot Stocks Stumbled
five key causes for the recent largely-unexpected slump in Canada’s cannabis stocks.
Fortunately, these sobering sell-off signals are counter-balanced by five compelling reasons for cannabis stocks to bounce back with a vengeance.
http://www.cannabiscapitalist.ca/single-post/2017/08/09/Why-Pot-Stocks-Stumbled

Problem #5: Short Sellers Smell Blood
Short selling day traders are taking advantage of industry-wide profit-taking by adding more selling pressure. This absence of any macro drivers to power the industry higher for the foreseeable future emboldens them and minimizes their trading risks.
Also, the all-too-common and highly controversial practice of naked short selling –– especially by stock market professionals –– offers unfair trading advantages to the shorters. Typically, it’s ordinary retail investors who get fleeced this way.

Solution #5: A Trend Reversal Should Spook Short Sellers
Starting this autumn, government lawmakers are due to provide legal cannabis growers with a clearer road map to the looming multi-billion dollar recreational market for cannabis –– which commences next summer.
Once this legislation takes shape, cannabis stocks are destined to do an about-face by reversing their trading trends. Virtually all cannabis stocks should be beneficiaries of this renewed impetus, including the good, the bad, and the ugly. So caveat emptor!
Ultimately, the better stocks will thrive while the shams, scams and other ill-conceived stock plays will fade away.
The upshot of all of this is that most short sellers will cover their positions and start to look for easy prey elsewhere in other industries. They will not want to put up much of a fight against an aggressively ascendant industry trend.