Emblem Cannabis (EMC.V) CEO dumped, insider deal struck, as stock scrapes bottom

Nothing infuriates the retail investor more than holding a stock with faith and hope as it drifts downward for months, with the company not doing anything to halt the slide, only for said company to then do a huge bought deal financing at the low price, diluting existing shareholders, locking in that low price as a ceiling going forward, and watching wealthy insiders just chew up cheap paper – and get half warrants into the bargain.

Booze company buys into weed company: $245m Canopy/Constellation deal signals consolidation time

The first notable thing I heard from a big markets guy when crapped out mining companies started turning into what was then crapped out weed companies back in 2014 was, “What happens now means nothing. It’s what happens when the booze and pharma companies start looking for acquisition targets that matters. Until then, we’re just trying to create the juiciest target.”