Shares of Tilray all jumped between 5% and 8.5% early in Wednesday’s session as investors saw new results from U.S.
Voters in Pennsylvania’s largest city overwhelmingly approved a ballot measure yesterday seeking to push Republican state legislators to fully legalize recreational marijuana.
With 19 states already having legalized weed, adding Pennsylvania would seemingly be another boost toward the trend that could ultimately lead to legalization at the federal level.
Tilray CEO Irwin Simon has laid out his company’s plan to grow the business to one with an annual revenue base of $4 billion by the middle of calendar year 2024.
consumer packaged goods platform that it has built through the acquisitions of SweetWater Brewing and Manitoba Harvest, a hemp, cannabidiol , and wellness brand.
Yesterday’s vote was meant to push the state legislature to get behind legalization at the state level.
For Canadian cannabis companies, that vote is just another in what they consider an inevitable wave toward federal approval.