The volume speaks to 6 days straight of increasing short volume, without today's numbers out yet. Shorts have no concept of what they are dealing with at the moment. And it will soon be a vortex of shorts selling to other shorts.
Todd Harrison just had an amazing talk where he goes into how 'uneducated' the non-cannabis traders are with this sector and stocks. Give it a listen...
There is a tsunami of cannabis money coming in long. Stand in the way at your own peril. I say this as a Canadian that has been playing in the mj space for the last 4 years. Short pain will be in abundance. :)
PYX is a NYSE company, over 145 years old was previously $AOI, ticker and name change to reflect their new direction from mainly tobacco to marijuana, $2 billion in assets, 1.8 billion in revenue YTD and $711 million cash on hand. Do your research here this is not the OTC.