Up until today it was nice to see the stock holding its own. Could also be a 'going into a long weekend' algorithmic sell off? Although I am a believer that the most recent trend is ETF fabricated. The industry ETFs have been buying (the perceived) top 6 MSOs, heavy, over the last 2 weeks...especially MJUS. With the exception of its first installment, which it increased its SHWZ holdings by a little bit, MJUS has been deploying a ton of cash into the space...mostly in those top MSOs...and those MSO SPs haven't held up. I have found this concerning because what happens once their buying stops? Will the industry trend back to the previous bottom? Will they reverse the algos? Or will we move into election conversation and potential cannabis hype...and possible Biden federal decriminalization?
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