AMC Entertainment Holdings (AMC), Blackrock (BLK), BevCanna Enterprises (BVNNF), CANNABIS WHEATON INCOME by Cannabis Wheaton Income Corp. (CBWTF), Can…

Recall last month, when users of Reddit’s popular WallStreetBets forum caused shares of GameStop Corp. (NYSE:GME) to spike by creating a massive short squeeze on the stock. The group also targeted AMC Entertainment Holdings Inc (NYSE:AMC).

This forced short sellers to buy more in order to forestall massive losses, sending the stock price on a meteoric rise.

Well, last week, their sights were set on cannabis.

Swaggy Stocks — a website that tracks ticker sentiment on WallStreetBets — noticed Sundial Growers Inc (NASDAQ:SNDL), Tilray Inc. (NASDAQ:TLRY) and Aphria Inc. (NASDAQ:APHA) went along for the ride:

  • Sundial jumped 79% on Wednesday
  • Tilray spiked 51%
  • Aphria grew 11%.

This was short lived. By Thursday, Tilary fell 50%, Aphria dipped 36% and Sundial closed down 19%.

On Friday, Tilray shares closed down 9.83%, while Sundial closed down 12.61%. Aphria was up slightly by 0.36%.

Benzinga Cannabis content is now available in Spanish on El Planteo.

Other Cannabis Spikes

ETFs popped. Over the last five trading days:

  • The ETFMG Alternative Harvest ETF (NYSE:MJ): gained 70.73%
  • The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was up 59.18%
  • The Cannabis ETF (NYSE:THCX): rose 84.6%
  • The Amplify Seymour Cannabis ETF (NYSE:CNBS): advanced 99%
  • The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 5%.

Regulatory Updates

Cannabis reform legislation in Minnesota is poised to receive its first hearing in the House Commerce Finance and Policy…

Recall last month, when users of Reddit’s popular WallStreetBets forum caused shares of GameStop Corp. (NYSE:GME) to spike by creating a massive short squeeze on the stock. The group also targeted AMC Entertainment Holdings Inc (NYSE:AMC).

This forced short sellers to buy more in order to forestall massive losses, sending the stock price on a meteoric rise.

Well, last week, their sights were set on cannabis.

Swaggy Stocks — a website that tracks ticker sentiment on WallStreetBets — noticed Sundial Growers Inc (NASDAQ:SNDL), Tilray Inc. (NASDAQ:TLRY) and Aphria Inc. (NASDAQ:APHA) went along for the ride:

  • Sundial jumped 79% on Wednesday
  • Tilray spiked 51%
  • Aphria grew 11%.

This was short lived. By Thursday, Tilary fell 50%, Aphria dipped 36% and Sundial closed down 19%.

On Friday, Tilray shares closed down 9.83%, while Sundial closed down 12.61%. Aphria was up slightly by 0.36%.

Benzinga Cannabis content is now available in Spanish on El Planteo.

Other Cannabis Spikes

ETFs popped. Over the last five trading days:

  • The ETFMG Alternative Harvest ETF (NYSE:MJ): gained 70.73%
  • The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was up 59.18%
  • The Cannabis ETF (NYSE:THCX): rose 84.6%
  • The Amplify Seymour Cannabis ETF (NYSE:CNBS): advanced 99%
  • The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 5%.

Regulatory Updates

Cannabis reform legislation in Minnesota is poised to receive its first hearing in the House Commerce Finance and Policy…

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