Cannabis stocks fell sharply across the board Thursday, with many of the sector's best performers a day earlier surrendering all those gains. Tilray Inc.
was last down 40%, while Aphria Inc. with which it is merging, was down 27%. The stocks and other cannabis names have been the target of the same group of investors on a Reddit subgroup that caused the shares of videogame retailer GameStop Inc. GME, -5.27% to climb to dizzying heights in recent weeks. Those investors were encouraging each other on Wednesday to make Tilray the new GameStop, by creating a short squeeze in the stock.
which was making its stock market debut. The Cannabis ETF THCX, -20.68% was down 15.5%.
How is YTD?
Learn to trade in this volatile market here
Could create a bit of a buy opportunity
Buying Opportunity! On every pullback buy! $TLRY will be at $150 within the next few week’s, it’s perfectly positioned for even higher by year end $ 🔥🚀🌚
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Peaked at $76 in after hours. 😳
It got the munchies.
Move over weed, we are doing meth