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Tilray stock surges for second day after UK cannabis deal
Tilray stock headed for its second straight day of explosive gains Tuesday after the pot grower announced a deal to ship medical marijuana to Britain. The Canadian company’s shares surged abo…
nypost.com
Tilray stock headed for its second straight day of explosive gains Tuesday after the pot grower announced a deal to ship medical marijuana to Britain.
The Canadian company’s shares surged about 20 percent in premarket trading to $36.25 as of 8:02 a.m. on news of its partnership with London-based Grow Pharma, which will import and distribute Tilray’s medical cannabis products in the UK.
The early gain put Tilray’s shares on track to build on Monday’s 17 percent jump that drove the stock to its highest closing price since September 2019.
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It took a while but pot is definitely mainstream when it is in international commerce.