The point here is an exit doesn't have to be permanent. It is part of a risk management strategy, not an absolute end of a trade.
Uber announced that it is laying off 350 workers just four weeks after announcing the layoffs of 435 employees.
This group appears oversold and downgrades of the big cannabis names may trigger a "buy the bad news" reaction.
Cannabis license owner and retailer MedMen Enterprises is snuffing out its planned $682 million all-stock deal to buy marijuana producer and distributor PharmaCann -- less than three months after receiving a second round of capital from private-equity firm Gotham Green Partners.
A report says Sundial is the subject of a class action lawsuit for failing to disclose that a customer returned 554 kilograms of cannabis because it contained mold and bits of rubber gloves.
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