20-07-2018 02:22 via feedproxy.google.com

Public shareholders got high today on Tilray, the first marijuana company to IPO on Nasdaq

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.
It was the first cannabis company to conduct a U.S. IPO, and in the process it raised $153 million, capital it will reportedly use in part to fuel its m
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