Cannabis stocks soar as Reddit crowd that spiked GameStop jumps in, Tilray surges 50%

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Aurora CEO Miguel Martin is not worried about Reddit interest or short squeezes in the cannabis space. 'The long term story of cannabis is that it's going to be a good business economically and has a lot of upside,' he says.

were targeted by retail traders in part because their high short interest made the stocks attractive candidates for a so-called short squeeze. Tilray's short interest is equal to 22.5% of the shares available for trading, according to FactSet. The official short interest data is current as of Jan. 29.

"The shorts have mostly gone home for the year so the unwinding isn't as much of a tail wind as it was for the early price action, it just really is just that much buying and not much resistance," the analyst said. "It's very difficult to justify where these stocks are trading right now." "This is totally on script for the anti-establishment movement on WSB and Reddit. They are feeling their crowd-funding oats and are now aiming it at whatever social disruption they can cause," Tim Welsh, founder and CEO of wealth management consulting firm Nexus Strategy, told CNBC. "And no better historical symbol to amplify personal freedom and revolution than pot."

 

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“upside”

😁⚠️💎🎁🚀🌙

This guys a con artist. How many offerings has $ACB done in the past year? Just burns cash more than it burns pot

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