We have no major buyers because the cannabis sector has stunk for the past few months. Cannabis stocks have been in a steady downtrend and many (especially MSO's) are losing their shirts.
A few months back I was harping that Dye should be going the MSO route. I am happy to say that "I WAS WRONG" about that. Staying as a SSO has been the ticket to not have selling down pressure. SHWZ has a great price floor at this level and the reason it hasn't been moving down. Some investors are probably just bailing in SHWZ currently because of what is happening in other cannabis stocks and just jump onboard to SHWZ to be in the sector. Some of these investors are not "invested" in the company on a longer term basis and have not done the "dirt digging and analysis" of a great bunch of us here. Many of us here are well informed and believe in the story of the company and the leadership of Dye and his team. Patience holding this stock will pay off in the longer run.
This market has been the strangest I have ever seen. The high flying stocks (techs) and MEME stocks are trading at historical evaluations and the rest of the market seems asleep. I have mostly been a small cap investor in my lifetime and the evaluations of my holdings seem so cheap. My stock holdings are doing such miniscule volume and the quotes don't even change (flash). Despite all that, the market seems to be looking for a catalyst to make a big move and I think the small cap area is the next to make that move. When that happens and if SHWZ comes out with excellent earnings, we could see a really big move in the stock.
Anyway, Monday is a big day and I can't wait for it. Good luck to all.
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