Tilray Becomes The First Cannabis Company On The Nasdaq

Tilray, a Canada-based cannabis company, started trading on the Nasdaq on July 19th 2018, which makes it the first ever cannabis business to go public on a major U.S. exchange, following an IPO.

Being one of Canada’s largest cannabis firms, Tilray is planning on operating on the NASDAQ under the stock ticker symbol TLRY.

Hailing from British-Columbia, and owned the successful Seattle-based firm, Privateer Holdings, Tilray  has issued 9,000,000 shares of common stock at a price of $17US per share.

This sits above the $14 to $15 share price that the firm had previously predicted for the

This increased Tilray’s offering size from $144,000,000 to $153,000,000, giving them a significant advantage