Thursday, 18 April, 2019

It's high times for soaring marijuana stocks on Wall Street

A Complete List Of Punishments For Marijuana Possession In Popular Canadian Travel Destinations featured image Lifestyle A Complete List Of Punishments For Marijuana Possession In Popular Canadian Travel Destinations Don't Blaze in Bali. @dreamstime
Celia Hoffman | 21 September, 2018, 13:52

The Nanaimo-based company announced Tuesday it was approved to export a cannabis product for use in clinical trials in the U.S.

Shares in marijuana company Tilray Inc. went on a wild ride - surging by more than 90 per cent then briefly dropping into negative territory and rebounding - one day after the licensed producer said it got approval to export medical cannabis from Canada to the USA for a clinical trial.

Just a month ago, Tilray shares were trading at around US$35. That came after reports Coca-Cola was in talks with Aurora Cannabis about drinks containing cannabidiol, or CBD, a marijuana component that isn't psychoactive.

"The total global (cannabis) category could reach upwards of $200 billion, as suggested by Constellation Brands, " said Stifel analyst Christopher Growe.

Although many states have legalized cannabis for medical purposes.

More news: Browns fan catches opossum inside FirstEnergy Stadium during game against Jets

Canopy Growth, which had been the largest cannabis company based on market value until Tilray surpassed it this week, had a market capitalization on Wednesday of $11.28 billion on the Nasdaq at close.

As of Tuesday's close, Tilray was worth $14.44 in book value, compared to Canopy Growth's $10.91, thanks to its more than 800% gain since its July initial public offering.

The company and a researcher at the University of California San Diego believe this is the first export of a cannabis product from a Canadian company to the US, where marijuana is still illegal at the federal level.

Recreational marijuana will become legal across Canada on October 17, and consumable forms of the drug will be legal in 2019.

Growe noted that governments considering marijuana legalization or similar policies are likely to move very slowly.

Recommended

Google still allowing third-party apps read your Gmail Google still allowing third-party apps read your Gmail In a letter made public on Thursday, Google addresses concerns made by lawmakers over the way it allows data to be collected from its users.

Champions League: Pogba reveals what Mourinho told him about penalty technique Champions League: Pogba reveals what Mourinho told him about penalty technique Ferdinand praised Pogba for his quality in the first-half but took a slight cut off him for his extended run up. "I am happy. Very happy to score, very happy to help my team and very happy with the result as well".

EU Chief Says U.K. Prime Minister's Brexit Proposal 'Won't Work' EU Chief Says U.K. Prime Minister's Brexit Proposal 'Won't Work' He also promised an offer to allay fears about a border being created between the United Kingdom mainland and Northern Ireland . But just minutes after he spoke, May insisted that her Brexit plan was the "only serious and credible" proposal on the table.

Afghanistan beat Bangladesh by 136 runs in Asia Cup Afghanistan beat Bangladesh by 136 runs in Asia Cup Apart from Rashid, Mujeeb Ur Rahman and Gulbadin Naib took two-two wickets each and never let Bangladesh go away with the game. Afghanistan had chosen to bat first against Bangladesh in Asia Cup's match being played at Sheikh Zayed Stadium in Abu Dhabi.

Chelsea Manager Mauricio Sarri Provides Update On Sickening Pedro Injury Chelsea Manager Mauricio Sarri Provides Update On Sickening Pedro Injury He is yet to feature under Sarri and did not travel to Greece with Chelsea's 21-man squad for their Europa League tie. Sarri introduced Olivier Giroud for Alvaro Morata in the 80th minute in search for more goals to seal the game .

Christine Blasey Ford statement on Brett Kavanaugh sexual assault hearing Christine Blasey Ford statement on Brett Kavanaugh sexual assault hearing Friday "if she intends to testify" that day. "We started out - I didn't like him, he didn't like me", Trump said. Republican senators say they expect the Judiciary Committee to vote on Kavanaugh's nomination next week.

Christine Blasey Ford Says FBI Should Investigate Kavanaugh Before She Testifies Christine Blasey Ford Says FBI Should Investigate Kavanaugh Before She Testifies Ford would want that kind of investigation to go forward, so that there's more information", said Emily Sack, a RWU law professor. Friday that Chairman Chuck Grassley , R-Iowa, set to let the committee know whether she planned to attend to the Monday hearing.

Liverpool Player Ratings: Liverpool vs PSG Liverpool Player Ratings: Liverpool vs PSG Their attacking triplet of Neymar, Cavani and Mbappe deserves credit for being one of the best in the world, but their defence is pathetic.

5 shot, including 8-year-old, at Syracuse, NY, memorial service 5 shot, including 8-year-old, at Syracuse, NY, memorial service The Syracuse police chief says that he believes that to be true, from the initial investigation. According to local media they had gathered to celebrate the life of a deceased relative.

Canadian marijuana imports OK’d by US for California study | Lexington Herald Leader Canadian marijuana imports OK’d by US for California study | Lexington Herald Leader It is believed this is the first time a Canadian company has been approved to export a cannabis study drug south of the border. Currently, the disorder is treated using drugs originally developed for high blood pressure or seizures.

Fire 7 Tablet with Alexa only $34.99 Fire 7 Tablet with Alexa only $34.99 While the 8GB version with special offers usually is $49.99, after the discount it was available for only $34.99. The front-facing VGA camera is ideal for Skype calls with Family and Friends.

Michael B. Jordan to Play Tom Clancy Hero John Clark Michael B. Jordan to Play Tom Clancy Hero John Clark The Tom Clancy character John Clark , who's like Jack Ryan except not a boring desk jockey, is finally getting his own franchise. Hopefully the Goldsman factor doesn't drag this one down and Jordan will have another successful franchise to his name.

Ontario MP Leona Alleslev ditches Liberals, crosses floor to Tories Ontario MP Leona Alleslev ditches Liberals, crosses floor to Tories Prior to politics, Alleslev served for several years in the Canadian military before joining IBM and Bombardier Aerospace. Heritage Minister Pablo Rodriguez said Alleslev "never" came to his door to relay complaints when he was Liberal whip.

European Union and United Kingdom at loggerheads over Brexit deal as deadline looms European Union  and United Kingdom  at loggerheads over Brexit deal as deadline looms European Council president Donald Tusk delivered the ultimatum at a press conference to conclude the summit. Tusk says the plans being pushed by May would undermine the EU Single Market .

Google Assistant is rolling out for Android TV and Auto in Australia Google Assistant is rolling out for Android TV and Auto in Australia Each brand will have a unique interface and specific features and will offer integrated cloud-based systems as well. The system will be compatible with devices running on other operating systems as well.