Feb. 18 at 6:22 PM
$CBSTF Today's news, in my opinion, is reassuring. But algos and traders read the headline and panic. The company closed a big sale generating over
$80 million. They negotiated a previous forbearance agreement with note holders until February 17. The few days extension says to me they just need a few more days for paperwork or cleared funds.
This is obviously a risky stock, but I'm betting it's the most oversold cannabis stock and will turn around with rescheduling. They have a good cash runway.