The Globe and Mail reports in its Thursday edition that short-seller Marc Cohodes is free to trade shares of Badger Daylighting after Alberta regulators on Wednesday dismissed an application for a cease-trade order against the prominent U.S. investor. The Globe's Jeff Lewis writes that the decision is a blow to Badger and could intensify a long-running feud between the Calgary-based company and Mr. Cohodes, a pugnacious investor known for previous bets against mortgage lender Home Capital Group and Valeant Pharmaceuticals. Staff at the Alberta Securities Commission sought the interim order against Mr. Cohodes on grounds he misrepresented Badger's business to support his short position in the stock. They also asked to prohibit Mr. Cohodes from making false or misleading statements about the company after Mr. Cohodes accused Badger of illegally dumping toxic waste -- a charge the company has strenuously denied -- in a Twitter post earlier this year. Shares of the company are up roughly 20 per cent since May, 2017, when Mr. Cohodes first disclosed his Badger position. Badger operates a fleet of vacuum trucks that service government and oil industry clients across Canada and the United States.