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Fortunes Made and Lost on Weed in Wildest Single Day of Trading

  • Tilray ends whipsaw session higher after wiping out 94% gain
  • Pot stock trading halted five times for volatility triggers
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Tilray’s pot luck: Bloomberg’s Jan-Patrick Barnert reports.(Source: Bloomberg)
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In perhaps the wildest day yet for the nascent Weed Inc., shares in Tilray took a ride reminiscent of the Bitcoin craze and even the height of the dot-com bubble.

The maker of cannabis products nearly doubled before wiping out the entire gain in less than an hour, only to finish 40 percent higher than where it started. Sure, Tesla has delivered some whipsaw sessions and AMD has tripled this year, but Wednesday’s moves had a different feel.