I think the whole sector has turned
"Companies need to close, funding needs to dry up, mergers must occur. Until then, these stocks are now sell-in-the-strength detritus,” the “Mad Money” host says.
“I worry that maybe the equilibrium price for cannabis is much lower than we’d thought it’d be, and that’s a major change,” he says."
Bubble has burst and funding is tough to impossible for wannabees. I suspect the merger action is about to hot up to avoid some liquidations.
NB- I am not commenting on CAN just the sector!
https://www.cnbc.com/2019/11/21/jim-cramer-sell-the-pot-stocks-they-are-not-ready-for-prime-time.html
anything that can turn the sp around ?, page-4
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