Cannabis stocks light up Reddit as sector surges to new highs

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Posts touting cannabis stocks spread throughout the popular WallStreetBets forum on Reddit, appearing to signal a shift from GameStop and other favorites.

Swaggystocks, which aggregates sentiment on shares talked about in the WallStreetBets forum, showed Tilray was the most upvoted, or highly touted, stock in the group.

However, some analysts argue valuations of the companies are becoming unjustifiable, especially for Canadian companies like Tilray, Aphria, and Canopy Growth, which may gain very little from US changes.on Tuesday, February 9, but Stifel analysts said those fell short of justifying its current valuation.

 

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