Tilray Posts Biggest 3-Day Gain as Reddit Crowd Turns to Pot
- Positive earnings, retail chatter propel stocks higher
- MJ ETF has gained more than 40% over the past three days
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Tilray Inc. posted its biggest three-day gain ever as Reddit-inspired retail traders turned their attention from GameStop Corp. to the cannabis sector.
Tilray closed up 51% Wednesday at its highest level since March 2019. The stock has soared 148% over the past three sessions, outpacing its surge in September 2018, one month before Canada legalized recreational use of marijuana.