The newest fad volatile industry: marijuana stocks.
Gains over the last 5 days:
- Tilray, Inc. 88.14% (112.65 to 211.95)
- Canopy Growth Corporation 8.15% (50.075 to 54.16)
- Aurora Cannabis Inc. 54.47% (6.189 to 9.56)
- Aphira Inc. 7.64% (15.1608 to 16.32)
Gains over the last 30 days:
- Tilray, Inc. 532.69% (33.50 to 211.95)
- Canopy Growth Corporation 50.40% (36.01 to 54.16)
- Aurora Cannabis Inc. 76.42% (5.419 to 9.56)
- Aphira Inc. 94.75% (8.38 to 16.32)
Gains over the last 6 months:
- Tilray, Inc. 846.63% (22.39 to 211.95)
- Canopy Growth Corporation 109.92% (25.80 to 54.16)
- Aurora Cannabis Inc. 15.46% (8.28 to 9.56)
- Aphira Inc. 44.17% (11.32 to 16.32)
Yes, legal weed is currently in a bubble. People are being just as stupid here as they were with Bitcoin. Canopy currently has a market cap of $12.3 billion on sales TTM sales of just under $88 million. Tilray is far worse with a market cap of $19.7 billion on TTM sales of $27.6 million. Anyone buying Tilray at these prices is making an astoundingly risky bet for what I consider to be very limited upside. The other two companies, Aurora and Aphira, fund their operations by printing shares and devaluing current investors. I consider them to be the spam coin equivalent of the two larger companies. There are dozens of others, these are just four of the largest I consider to be the biggest players.