Tilray, a five-year-old, British Columbia-based medical cannabis company that sells its products to patients, researchers, pharmacies and even governments, saw its shares get high (sorry) on the Nasdaq today, after the company priced 9 million shares at $17 apiece and watched them soar, closing at $22.39, a jump of slightly more than 32 percent. The company raised $153 million in the offering, capital it will reportedly use in part to fuel its marijuana growing and processing facilities in Ontario. It was a huge win for the cannabis industry, which has been growing like a weed (sorry again).

BING NEWS:
  • Marijuana Stocks Gain Momentum on Cannabis Reform Hopes
    Investors have been diving into cheap pot stocks in hopes that a change in US policy will unlock major upside for cannabis companies.
    04/19/2024 - 9:20 am | View Link
  • Ibotta’s IPO opens sharply higher, hinting at warming public-market interest in tech shares
    Ibotta began it’s path as a public company on Thursday by opening at $117 per share, a big increase from its IPO price of $88, itself an increase from its proposed range of $76 to $84 per share. The ...
    04/18/2024 - 7:16 am | View Link
  • Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic
    The company lost $49 million over that span. And yet the market is valuing Trump Media at approximately $11 billion. For context, Reddit was only valued at $6.4 billion at its IPO last week ...
    03/26/2024 - 9:26 am | View Link
  • Going Public: What It Is and How It Works
    Learn about our editorial policies Going public refers to a private company's initial public offering (IPO), moving to a publicly traded and owned entity. Businesses usually go public to raise ...
    12/25/2022 - 11:44 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News