Novogartz: shares of marijuana producers repeat last year’s dynamics of bitcoin

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2 months ago
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The founder of the Galaxy Digital bank Mike Novogratz is convinced that the actions of legal marijuana producers in the US demonstrate explosive growth, similar to the dynamics of bitcoin and Ethereum in December 2017. So, he intends to open a short position against them [shares], reports CNBC.

First of all, we are talking about the company Tilray, whose shares this week rose by 50%. So, on September 20, Tilray shares dived from the marks around $ 300 to $ 177, losing about 40% in price.