Shares of Canadian cannabis company Tilray Inc. soared 39% Wednesday to extend their prior-day gains, as the same investor group that caused the shares of videogame retailer GameStop Inc. to climb to dizzying heights appeared to now have the stock in their crosshairs.
The investor group that exchanges messages on the WallStreetBets subgroup on Reddit were encouraging each other to make Tilray
the next GameStop
by creating a short squeeze in the stock, as well as to buy Aphria Inc.
with which it is merging.