It’s day traders and small hedge funds who are shorting cannabis. They seem to really like Marimed for some reason.
Board members collectively own around 16% of the shares, which isn’t much and not enough to keep the price suppressed for this long. Because there isn’t much regulation to the OTC market, day traders and hedge funds can manipulate stock prices when there’s fear in the market. However, once 280E is lifted and cannabis gets rescheduled the fear will go away and so will the shorts
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