/UCW/ In this episode of Money Never Sleeps Radio we touch on cannabis, blockchain technology, Elon Musk, Tesla and more.
“Tilray as of today its the largest cannabis company in the industry, trades on the Nasdaq, the stock is Canada based and they have emerged as the Amazon of the Cannabis industry. The tingle is back in the pot stocks and just like with the internet boom, investors are flocking to them. The market cap has more than doubled in a short period of time, sits at over $20 billion and looking to move higher but not everyone believes the hype. Citron Research has a nice short position in the stock and the reality is when you have a small float its very easy for a stock to fly high due to the demand. If there is little stock out there then the only way to get it is to bid it up and that is what market makers are doing, they are bidding this bad boy up. Some other players in the space that are worth a look at include Canopy, Aphria, Aurora and Cronos.”
Listen to Money Never Sleeps on iTunes
Listen to Money Never Sleeps on Stitcher:
Listen to Money Never Sleeps on Player FM: