By Liz Moyer
Investing.com — Tilray Inc (NASDAQ:) shares jumped 38.5% on Wednesday, and reports say it is now a subject of talk among the same Reddit group that boosted shares of GameStop Corp (NYSE:) into the stratosphere.
The Canadian cannabis company struck a deal this week to distribute medical marijuana in the U.K. and is also poised for growth abroad. are getting a boost in the U.S., where Democrat lawmakers have indicated a willingness to legalize pot.
MarketWatch reported on Wednesday that the Reddit group WallStreetBets was abuzz with Tilray talk, with participants encouraging each other to effect a short squeeze in Tilray and also to buy shares of Aphria (NASDAQ:) Inc (TSX:), which is merging with Tilray.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.