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Reddit-fueled weed stock rally faces setback as big names plunge

Alejandro Arrieche

This week’s Reddit-fueled weed stock rally faced a strong U-turn yesterday, as shares of the biggest cannabis companies faced double-digit drops after being frantically pushed by retail traders who coordinated efforts through the popular message board. Shares of Canopy Growth (CGC), an Ontario-based weed producer, were among the most battered during yesterday’s stock trading activity,…