Group 31 was mentioned in last Q report for having converted. Based on the volumes of last weeks they should be sold out by now. Don't know of any other parties intending to convert and sell. After all they have as much reason as we have to expect better times and they're protected against dilution as long as they don't convert.
The main thing that's keeping the stock down at the moment, imo, is the fact that the financials don't look good. We may believe in the story ahead of us and would love more communication about it, but investors with serious money only need a few minutes of DD to see the risk of dilution or even collapse here. The company will have to sell quite a lot of CBD pills to clean up the balance sheet before any smart money will step in.
It's gonna take quite a few more months i guess to see substantial change here
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