Is Tilray Headed Back to All-Time Highs?
Tilray (NASDAQ: TLRY) has been a top-performing meme stock with a gain of 27% in the past month. That growth was almost entirely driven by unusual buying activity in its option chains by members of the r/WallStreetBets subreddit, which led to a small gamma squeeze.
On June 8, Tilray CEO Irwin Simon appeared on CNBC, applauding recent retail-investor interest in its stock. "We love having them as part of our shareholder base," said Simon. The CEO also promoted Tilray's new product launches, including a medical marijuana strain for treating pain and arthritis, as well as a new craft beer to be served on Delta Air Lines flights. Can renewed interest in its stock send its shares soaring back to all-time highs of $300?
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Source Fool.com
