Medicine Man Technologies Inc (SHWZ)

[Hooparena]

Obviously the anticipation of a passing of the SAFE banking act possibly today is fueling the cannabis sector. While I still believe we could still see another 5%-7% to the downside before we see a bottom and a reversal. If we see a passing vote, we will be off to the races and could see the SHWZ share price double at least to the $4.00-$5.00 level in my opinion.

I don't believe AW is selling and he is out of his position in my opinion. He needed to be out of his SHWZ holdings to get the Columbia Care deal completed. Why would he sell his personal company Medicine Man Denver to Columbia Care and still hold his SHWZ stake? He is getting shares in Columbia Care and no company would allow you to hold shares of a major competitor. That is a basic business practice about non-compete clauses.

Now as far as Josh is concerned, he could be selling just to get more cash to run his current business operations but don't have any intuition on that and there is no way to know.

We don't have big volume sellers and I believe it was just sellers who were locking in profits because the cannabis sector has been so weak. Level 2 looks pretty thin to the upside so and buying volume could push SHWZ higher in a much quicker fashion.