Consumer Watch: How short sellers went after this one, bloodied cannabis stock

To look at Cannabis One Holdings Inc. is to view a bloodied stock chart squashed by the weight of a crushing short position.

Since its April high of C$4.56 ($3.48), the name has lost 83% of its value, closing at 79 cents Thursday as investors have taken dollar after dollar away from the early-stage marijuana company’s stock price, which is caught inside the federally unregulated and lax Canadian capital markets.

Beyond the life and death of a single, small pot company, Cannabis One’s CBIS, +0.00% stomped-on chart illustrates the tactics employed by a batch of hedge funds and other hard-hitting investors that operate in Canada.

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