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The Reddit Gang Finds Weed

Reddit’s online trading forum, Wallstreetbets (WSB) has moved on from Gamestop with some members now attempting to short squeeze major Canadian LPs. As this was originally being drafted, Canadian LP stocks shot through the roof, while US MSO stocks had solid but more muted gains. MSOS, an ETF made up of mostly US MSOs (which we recommended as our favorite cannabis ETF last week) was up 14% over the last five trading days ending on February 10 while MJ, an ETF that holds mostly Canadian LPs with no MSOs, was up 42% in the same time. By close on February 11, as this was being finalized, MSOS was down 7% while MJ was down 25%, leaving them almost neck and neck over the last five days - 3% gain for MSOS and a 5% gain for MJ (see 5-day performance chart below).

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