Cryptocurrencies

The Hype Around Pot Stocks Is Catching Up to the Crypto Craze

Bloomberg Intelligence’s Ken Shea discusses the sudden surge in Tilray shares. Daybreak: Americas." (Source: Bloomberg)

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By Lily Katz and Brandon Kochkodin

September 19, 2018 at 4:56 PM UTC

Updated on

September 19, 2018 at 5:23 PM UTC

This article is for subscribers only.

Crypto stocks were all the rage last year, until they weren’t. Will cannabis companies meet the same fate?

Shares of Tilray Inc. have rallied more than 1,000 percent since the Canadian pot firm went public in July, leaving some of the most hyped digital-currency companies in the dust. By comparison, Riot Blockchain Inc. only surged around 400 percent after the former machinery maker for the biotech industry ditched its old name, Bioptix Inc., in October.