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Tilray Roller Coaster Speeds Lower as Pot Mania Shows Fatigue

  • Stock almost wipes out Wednesday’s 38 percent advance
  • Mania reminds traders of internet euphoria, Bitcoin craze
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Tilray’s pot luck: Bloomberg’s Jan-Patrick Barnert reports.(Source: Bloomberg)
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Tilray Inc. took investors on one of the wildest rides of the cannabis craze over the past two days.

The weed stock notched its steepest slide since its July trading debut, falling 17 percent to $176.35 as of 4 p.m. in New York on Thursday. A day earlier, Tilray nearly doubled, wiped that out and then surged 40 percent into the close. All said, the stock is up 14 percent since Tuesday.