Such weakness with msos 1M share buying backstop recently is not a good sign and threatens all recent support imo. Msos came back in on buy side right around 30 days post despac so my guess is this selling pressure is based on some investor share lockup expiry, possibly the pipe. I listened to Steve on benzinga and he really offers some interesting insights on how they’re able to strategically tweak on the fly in ways only full control of the chain can allow. But they only control upstream supply for 14 more months so that appears the first order of business. They need complete access or ownership of probably 1M sf of very low cost grow so either an organic or inorganic announcement should be expected soon.
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