Article By:
Benzinga
Monday, January 13, 2020 8:47 PM EST
2019 was a hard year for cannabis stocks. As the industry struggled to start showing profitability, companies tried their best to strengthen their presence in the U.S. with a great wave of consolidation through M&A. Here's what to expect in 2020.
November Performance Of The Market's 15 Cannabis ETFs Ranged From +6.1% To -14.4%
You have seen the lows this year for these stocks... Good news! …. Massive short squeeze rally in cannabis stocks may be coming to a neighborhood near you!... short interest:
$CGC – 21.22% - Canopy Growth*
$ACB – 17.36% - Aurora Cannabis
$GWPH - 17.15% - GW Pharmaceuticals
$CRON – 31.27% - Cronos Group
$TLRY – 35.93% - Tilray, Inc.
$APHA – 14.70% - Aphria, Inc.
$HEXO – 13.74% - HEXO Corp
$OGI – 6.79% - Organigram
$VFF – 9.84% - Village Farms
$NEPT – 15.60% - Neptune Wellness
The hedge funds, vulture funds, and the hack money managers ARE SHORT, they SOLD SHORT BILLION$$$$. Even shares in the marijuana ETF's are sold short, ETFMG (MJ) Alt Harvest Fund ETF and Horizons Marijuana ETF SOLD SHORT. Well, there is a new Sheriff in town, he's called the long shareholders, show 'em who's boss and send these rodeo clowns packing.
WAY TOO MANY SHARES SOLD SHORT, THE SHORTS WILL HAVE TO BUY BACK BILLION$$$$ TO COVER...