Cannabis Sativa Inc (OTCMKTS:CBDS) Settles After the Launch

Cannabis Sativa Inc (OTCMKTS:CBDS) is a stock we took an almost wildly bullish position on as an anticipatory runner into the November 8 vote. Our argument was simple: the company was denied a 3-2 stock split back in August, thus pinning the float at an almost absurdly tight 4 million shares just as the biggest marijuana vote in history was coming and all sorts of new money would be trying to find exposure. In addition, the same day would be a presidential election with this company’s former executive as a candidate.

That adds up to an extreme mechanical recipe for a squeeze. There simply did not appear to us to be enough supply to accommodate even a small increase of trading activity. And this stock has seen a massive jump in activity. But one should note, it’s going to take a very different argument to make a case for this

... read more at: