Tilray Soars as Cannabis Becomes the Next Topic of Reddit Traders By Investing.comPosted by On



© Reuters

By Liz Moyer

Investing.com — Tilray Inc (NASDAQ:) shares jumped 38.5% on Wednesday, and reports say it is now a subject of talk among the same Reddit group that boosted shares of GameStop Corp (NYSE:) into the stratosphere. 

The Canadian cannabis company struck a deal this week to distribute medical marijuana in the U.K. and is also poised for growth abroad. are getting a boost in the U.S., where Democrat lawmakers have indicated a willingness to legalize pot.

MarketWatch reported on Wednesday that the Reddit group WallStreetBets was abuzz with Tilray talk, with participants encouraging each other to effect a short squeeze in Tilray and also to buy shares of Aphria (NASDAQ:) Inc (TSX:), which is merging with Tilray.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept…

Original Author Link click here to read complete story..


© Reuters

By Liz Moyer

Investing.com — Tilray Inc (NASDAQ:) shares jumped 38.5% on Wednesday, and reports say it is now a subject of talk among the same Reddit group that boosted shares of GameStop Corp (NYSE:) into the stratosphere. 

The Canadian cannabis company struck a deal this week to distribute medical marijuana in the U.K. and is also poised for growth abroad. are getting a boost in the U.S., where Democrat lawmakers have indicated a willingness to legalize pot.

MarketWatch reported on Wednesday that the Reddit group WallStreetBets was abuzz with Tilray talk, with participants encouraging each other to effect a short squeeze in Tilray and also to buy shares of Aphria (NASDAQ:) Inc (TSX:), which is merging with Tilray.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept…



Source link

News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.