He said: “Some people are thinking let’s sell before [October 17] and then they’ll start to be priced like commodities. But there’s still a lot of optimism out there, still a lot of interest in the market and we still haven’t seen a lot of institutional; still a lot of retails coming in.

“So now the date has been set you may see more institutional buying as it becomes a bit more legitimate – that could put a bit of a bottom under things.”

Currie, who believes Canopy remains the benchmark, added that while some investors will see “L-day” as their pre-determined time to get out, the validation this provides companies will have the opposite effect for many.

He said: “There are a lot of people out there who want to see earnings, who want to see revenue and you’re going to have some people who got in for the ride up to the date, they’re going to be jumping out right around that time.

“But I think you’re also going to see some people that, once we actually see some positive numbers out of these companies, might be getting in who have been hesitating to do so up until now.”