Weed is the new bitcoin. While the world of marijuana-related companies trading on U.S. stock exchanges is not large, one of the premiere examples had a roller coaster ride last week. Tilray, a Canadian-based medical marijuana company, first started publicly trading in the U.S. in mid-July. It bounced around $25 a share through mid-August, then shot up to a peak of $263 on Wednesday — roughly a ten-fold increase in about a month.
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The Week - Science, The Week: Science
Mon, 09/24/2018 - 2:45am
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BING NEWS:
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His portfolio includes Skydance, Paramount's would-be buyer. Meet some of Wall Street's go-to technology headhunters, who specialize in everything from AI leaders to cybersecurity and front-office ...
04/30/2024 - 8:42 am | View Link - Wall Street Lunch: Reefer Gladness
The reported move falls short of legalizing recreation pot use. Eli Lilly boosts outlook on weight loss drug performance. Wage inflation comes in hot for Q1.
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04/19/2024 - 6:01 am | View Link - Wall Street is souring on Tesla's pivot away from low-cost vehicles towards autonomous driving
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04/18/2024 - 3:24 am | View Link - Wall Street Breakfast Sector Survey: How It Started, How It's Going
This explains why sector rotation and even long-short sector strategies have been part of Wall Street's arsenal for decades. The second quarter starts with hints that the market may broaden out a bit.
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