Canadian Weed!

[yerboss]

Possible large short squeeze soon. $KBEV:CSE/SNOVF:Grey, Koios Beverages (licensors of cannabis-infused nootropic beverages in addition to other products), has been under heavy shorting since coming out of their initial days of trading (post-RTO). They were in talks with Canaccord Genuity over a large financing when the market started raining shares (all vend-in shares and insider shares are escrowed). This is a typical move by Canaccord. They short against a financing to A. bring down the market price to lower the price of the financing for their investors and, 2. to pre-sell (by shorting) as much of the financing so as to lock in profits all the way down.

THAT FINANCING HAS BEEN CANCELLED! The company does not need funding for some time (they only shopped around to see if they could put a year+ of money in the treasury so the didn't have to worry.

Very soon they are going to have to cover. WE ARE TALKING MILLIONS AND MILLIONS OF SHARES (more than the entire float).

It is worth putting on your radar. If it begins to uptick, get in for the ride (and it is a really good company).