Marijuana Business Daily
Canadian medical cannabis producer Tilray saw its stock surge 32% in its first day of trading on the Nasdaq, as investors signaled their bullish stance toward the marijuana industry in general and Tilray’s initial public offering (IPO) in particular.
The British Columbia-based company stock closed at $22.39 on Thursday, up $5.39 from its IPO price of $17.
The stock traded as high as $24 during the day.
Tilray trades on the Nasdaq Global Select Market under the ticker symbol TLRY.
The company’s debut marked the first time a plant-touching business has gone public on a major U.S. exchange via an IPO.
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