Massive number of US Investors to coming to Aphria "Adding buds to suds". WIth a market cap of just $2.67B Aphria is cheap and a huge take over target.
1. Government is legalizing marijuana. As of this week, it's no longer an "if". So speculators who "bet" on this happening are being replaced by real investors. That's what moves stocks in a clear direction. That doesn't mean speculators are gone. In fact, momo traders will jump in hard.
Trading this now becomes more difficult trying to take profits since you're missing a run. I'm no longer trading this sector for now, I'm buying the dips unless big whales unload. Then I'm out looking for other sectors to put my money in.
2. The alcohol industry leaders are looking at Aphria. That's not speculation, it's real. And it's making US headlines in the financial press. That a far cry from what's been happening in the last few months where this sector was mostly ignored.
https://www.bloomberg.com/news/articles/2018-06-22/molson-coors-latest-beermaker-to-consider-adding-buds-to-suds