GLAS experienced a significant selloff due to a 2-week delay, which the poster believes was an overreaction representing a sunk cost fallacy. The poster remains bullish despite the recent dump, suggesting the market overestimated the negative impact of the delay.

Cannabis sector is positioned for a significant rally following the April 2026 Schedule III reclassification order, with historical precedent showing 50%+ single-day gains on major announcements. The thesis relies on continued bullish sentiment and call option positioning (27k-53k ITM calls) ahead of potential further regulatory catalysts.