A Weed Producer Is Raising Capital in a U.S. IPO for the First Time 

Shares in Canada’s Tilray will start trading Thursday on the Nasdaq, with the firm becoming the first cannabis grower to complete an initial public offering on a U.S. stock exchange.

That’s not to say Tilray is the first weed producer to list on the Nasdaq--Canada’s Cronos Group trades there too, and Canopy Growth is listed on the New York Stock Exchange--but it is the first to raise capital via a listing on a U.S. exchange.

Tilray’s IPO size was around $153 million, at a price of...

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