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2021-06-09

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Cannabis the next meme-stock target? Tilray CEO welcomes retail investors

Courting the same meme-stock investors that backed stocks like AMC Entertainment(NYSE:AMC), Irwin Si

Cannabis the next meme-stock target? Tilray CEO welcomes retail investors

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Tilray CEO welcomes retail investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3704358-cannabis-the-next-meme-stock-tilray-ceo-welcomes-retail-investors-amc-tlry><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Courting the same meme-stock investors that backed stocks like AMC Entertainment(NYSE:AMC), Irwin Simon, the head of cannabis product maker Tilray(NASDAQ:TLRY), said Tuesday that he welcomed the ...</p>\n\n<a href=\"https://seekingalpha.com/news/3704358-cannabis-the-next-meme-stock-tilray-ceo-welcomes-retail-investors-amc-tlry\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLRY":"Tilray Inc."},"source_url":"https://seekingalpha.com/news/3704358-cannabis-the-next-meme-stock-tilray-ceo-welcomes-retail-investors-amc-tlry","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166528278","content_text":"Courting the same meme-stock investors that backed stocks like AMC Entertainment(NYSE:AMC), Irwin Simon, the head of cannabis product maker Tilray(NASDAQ:TLRY), said Tuesday that he welcomed the interest of retail investors.In an interview with CNBC, Simon embraced the fact that TLRY had become a talking point on WallStreetBets and in other Reddit discussions.\"We love having them as part of our shareholder base,\" he said, referring to activist retail investors.Simon said these investors made excellent shareholders due to their high level of knowledge about the company and its products. He noted that a large number of retail investors have come into cannabis stocks, as evidenced by the nearly 30 million shares of volume TLRY experienced during Tuesday's session.Simon's comments came after Tilray announced thelaunch of a new medical cannabis brandcalled Symbios.Speaking about the launch, Simon told CNBC that the product would provide a lower-cost medical alternative for patients with pain and arthritis. He referred to it as a \"value-added\" play in the market.The TLRY CEO also mentioned a new beer from SweetWater available on Delta Air Lines(NYSE:DAL)flights, noting that he could see beverages with CBD and even THC on flights some day as a way to calm fliers' nerves.TLRY is no stranger to frothy investor interest. The stock, once the darling of cannabis investors, reached a closing high of just under $150 in October of 2018. 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