Pot-Investment Stock 9,500% Gain in Peril as Trades Canceled
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Micro-cap Nabis Holdings Inc. surged from a penny to nearly a dollar over the course of a week before the stock was halted. Now a Canadian regulator says it will nix all those trades.
The Investment Industry Regulatory Organization of Canada said all trades between Jan. 27 and Feb. 2 would be canceled. Short-selling was also ruled ineligible.