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.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Be the first to comment