I was going to be like... Why would they announce this during trading hours? Today fucking flew by. Didn't even look at stonks.
“We estimate that the net proceeds from this offering will be approximately $191.0 million, or approximately $219.8 million if the underwriters exercise in full their over-allotment option.”
I think ME exiting his position the other day caused this more than anything. But yeah... I like seeing low volume consolidation. Frustrating to see the broad market blast, risk stocks blast and weed kinda on the backburner.. But as long as the broady keeps surging I think weed is the laggard play as per usual. Who knows about the timing of course. Plus we've got some nice catalysts coming up + Q1 earnings in May, however underwhelming they may be.MSOS is down 13 cents....when did pot stocks become so boring???
I blame Presto -- in hindsight his CSE trading was responsible for moving the entire market.
Nothing to do in this sector until he re-activates.