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).
Similar Stories to Public Shareholders Got High Today On Tilray, The First Marijuana Company To Ipo On Nasdaq on Bing News
Connie Loizos, TechCrunch
Thu, 07/19/2018 - 5:22pm
Topics: british columbia-based nasdaq ontario related cb tilray s seattle-based brendan kennedy founders fund subversive capital natural a bob marley-branded marley s series a february but s-1 washington d.c u.s vox attorney general jeff sessions gallup poll october tilray insights privateer ceo high today marijuana company million cannabis companies startups products medical raised percent sells clear federal offering funding owned jump shares schedule remains industry current focused research growing strains types line year
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