Reefer Madness and More

Reefer Madness and More: We sometimes wonder what they are smoking down on Wall Street, but today the question might better apply to the homegamers who are apparently hitting their bongs down in mom’s basement. We are referring to Wednesday’s rip-snorting 47% rise in the stock of Tilray – the lead rabbit in the Reddit run on pot stocks. As it happened, the day that GameStop peaked on January 27th, the once left for dead Tilray was valued at $2.9 billion. Thereafter it went vertical, weighing-in at $10.6 billion upon Wednesday’s close. That’s not bad, of course, for a company with a mere $201 … Continue reading →