What does this mean?
Investment continues to be poured into Canadian marijuana companies listed on US stock exchanges (See Tilray
NASDAQ
First US IPO of a Marijuana Company on NASDAQ
By Steve Levine on
Tilray became the first US IPO on Nasdaq on July 19th by a marijuana company. The company priced 9 million shares at $17 apiece and by the end of the day, closing at $22.39, a jump of slightly more than 32 percent on day one. As the date of posting this blog and the second…
Over $1 Billion Raised by the Cannabis Industry
According to a prominent cannabis advisory firm, the cannabis industry raised over a $1 Billion in investment dollars in 2016. These investments included public companies on the TSXV (cultivation and extract company), NYSE (REIT) and NASDAQ (pharmaceutical company).
What does this mean?
Majority of large investments are going into real estate and pharmaceutical company – as…