Pot Stocks Smoked
After an exuberant few days of Reddit-Raider rampaging, stoner-stocks are stumbling this morning with TLRY getting clubbed like a baby seal.
A small basket of the most discussed pot stocks on Reddit has dropped notably…
Source: Bloomberg
Sundial is barely holding on to gains, but is down hard already…
But Tilray is down over 30%…
“As witnessed with GameStop and AMC, retail investors from the WallStreetBet Reddit crowd obviously have a lot of influence and power,” said Matt Hawkins, managing partner at Entourage Effect Capital, a cannabis-only private equity firm, and now they have got bored and moved on it appears, rotating back to short-focused penny stocks…
Source: Bloomberg
Tyler Durden
Thu, 02/11/2021 – 10:11
via ZeroHedge News https://ift.tt/3rJYSSk Tyler Durden