One post on WallStreetBets, the Reddit forum linked to the past month’s surges in GameStop Corp, AMC Entertainment and others, told users that shares of producers Tilray Inc and Aphria Inc have more room to rise.
Shares in cannabis companies surged on Wednesday, extending a months-long rally due to bets on decriminalization under the Biden administration, as the Reddit trading community behind a recent trading frenzy promoted the stocks.
That post was liked by around 10,000 other users in just twelve hours and shares in the two companies jumped by 21 per cent and 10 per cent respectively.
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