Combination of a lot of things at play, general market is volatile and heading down, not just weed but look at the indices of markets as a whole. Then you got the weed sector that has come off on sell on fact action after the legalisation date, so basically all weed stocks are following the price action of the top companies like Canopy/Aurora/Chronos , which now seem to be heading to support levels, will probably consolidate around here until catalysts to move up again like sale figures.
Then more micro reasons on the actual company itself guess people are upset with lack of follow through with grow rooms, etc, they had a big headstart but now are lagging behind. The thing to remember though, long term they have all the ingrediants for success now as before mentioned good management (after Andreas left and Grant Froese is in) Cashed up (50 mill) no debt, licenses, grow rooms being built, assets already producing revenue (dreamwater).
MMJ Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held