Cannabis stocks soar as Reddit crowd that spiked GameStop jumps in, Tilray surges 25%

The group of cannabis companies are garnering attention from the same WallStreetBets Reddit army that contributed to the epic short squeeze in GameStop last month. Several posts on the social media forum show users expressing optimism about the stocks' upside.

"The shorts have mostly gone home for the year so the unwinding isn't as much of a tailwind as it was for the early price action it just really is just that much buying and not much resistance," said the analyst. "It's very difficult to justify where these stocks are trading right now." Part of the discussion on Reddit has centered around the pending merger between Tilray and Aphria. According to a December press release, Aphria shareholders are set to receive roughly 0.84 shares of Tilray per one share of Aphria when the deal closes.

Don't forget that the most compelling strategy offered by any of the cannabisstocks is $GRAMF. Vertically integrating the California market with RocNation and Jay-Z.

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Cannabis surges, given movement at both the state and federal levels make a ton of sense.

SNDL is a good one 😏😎

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Cannabis stocks soar as Reddit crowd that spiked GameStop jumps in, Tilray surges 50%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. This guys a con artist. How many offerings has $ACB done in the past year? Just burns cash more than it burns pot 😁⚠️💎🎁🚀🌙 “upside”
Source: CNBC - 🏆 12. / 72 Read more »

Cannabis stocks Tilray, Aphria, Sundial surge on Reddit: analysisReddit traders are piling into cannabis stocks and driving up valuations, but experts say they're betting on the wrong companies Any cannabis stock is the right stock so.. OGI will disagree with experts when it starts to take off. Same with HEXO. stonks OGI HEXO StockMarket ToTheMoon 'Experts' 'Wrong companies' Sounds like someone is peanut butter n jealous they chose the wrong boomer stocks. Those experts could have instead gotten in on cheap, potentially $90 billion industry stocks. 🤣🙌💎
Source: BusinessInsider - 🏆 729. / 51 Read more »