Pot stocks' wild ride in February refuels bubble questions - Article
Has the Canadian cannabis bubble popped again? Investors poured into pot stocks this week, fueled by fervent social media posts and optimism that the drug would become legal in the U.S. sometime this year. Cannabis companies - large and small, American or Canadian, profitable or perennial losers - all recorded significant gains over the past month. However, many of those names came back to earth on Thursday, potentially spelling an end to the early-2021 run. Nanaimo, B.C.-based Tilray Inc. plummeted 50 per cent to close at US$32.16. Meanwhile, Aphria led the TSX laggards with a nearly-36-p...
Source: bnnbloomberg.ca