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Re: Whoisit post# 4140

Tuesday, 10/02/2018 10:22:26 AM

Tuesday, October 02, 2018 10:22:26 AM

Post# of 16016
This is a legit Canadian cannabis play with an incredibly small float around 9m shares. It was testing a key technical breakout around .10 not all that long ago but couldn't get enough momentum to breakthrough so it then died off and pulled back - not from immense selling but from a lack of buyers to hold it up. Typical stuff if you trade thin/ low liquidity OTC plays like this. Now it's demonstrating how thin it actually is with these back to back days of strong gains on not much volume.

The key whether or not this can take off and fly will be volume/interest/momentum - which probably will depend on any sort of meaningful update from the company which we haven't seen since it began to pullback and dip. The technical side I believe is all set, thin float and not much chart resistance, but we'll still need a catalyst imo.