Tilray shows the highs, lows of investing in pot

Tilray shows the highs, lows of investing in pot

Tilray will be exporting to the University of California San Diego capsules with two active ingredients - cannabidiol and tetrahydrocannabinol, better known as CBD and THC - extracted from the cannabis plant for a clinical trial as a potential treatment for essential tremor, a neurological disorder that causes uncontrollable shaking. The serendipitous growth of these cannabis stocks may force large pharmaceutical companies to partner with these companies to effectively hedge against the marijuana medicine industry invading their market share, according to Tilray CEO Brendan Kennedy.

This week, Coca-Cola acknowledged it could one day offer cannabis-infused drinks, although it doesn't have immediate plans to sell them.

The surge in stock price comes after the USA -based Drug Enforcement Agency approved it to ship marijuana to the US for medical research.

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

Ashton Kutcher accidentally hits 'star-struck' teen with his auto
Sharing pics of the ordeal, Leo wrote on Instagram: "Got hit by a vehicle today.But it's ok because it was by Ashton Kutcher ". I was on the floor and when I got up he was getting out of his auto .

Flu season is on its way
Summer may just be ending, but it's already time to start thinking about the upcoming flu season. People who have had a severe reaction to an influenza vaccination in the past.

Michael B. Jordan to Star in a Series of Tom Clancy Movies
The Tom Clancy character John Clark , who's like Jack Ryan except not a boring desk jockey, is finally getting his own franchise. Jordan is a talented, charismatic star, and Clark is a good, solid character that hasn't been done to death like Jack Ryan .

On Tuesday, Tilray climbed 29% following the news it had been approved as the first cannabis company to export legal weed into the United States for a clinical trial to treat essential tremor, or ET, at the University of California at San Diego.

The company's shares have jumped by as much as 1,600 per cent since it began trading on the NASDAQ exchange in July. At its peak, the stock traded for close to US$300.

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

"(The) news is a positive for both TLRY and the broader cannabis stock universe, as additional medical applications and improved government support add another domino to future legalization in the US", she said in a note on Tuesday. Tilray had just $20 million in revenue a year ago, but with a market valuation of about $16 billion, it's now more valuable than Tiffany.

Related News:

  • Scientists: Humanity needs to reconsider the negative image of the wasps

    Scientists: Humanity needs to reconsider the negative image of the wasps

    Greenfly and caterpillars - two of Britain's most destructive insects - are among the critters which wasps help keep in check. But the truth is wasps may be just as useful as bees , researchers at the University College London argue in a new study.

    Oil stable, OPEC in focus after Trump call for lower prices

    It temporarily breached $80 a barrel last week for the first time since May, briefly returning to a more than 3½-year high. OPEC kingpin Saudi Arabia is anxious that any sanctions-related spike in oil prices will trigger fresh criticism from U.S.
    Florence: Two patients dead after van swept away in floods

    Florence: Two patients dead after van swept away in floods

    The president then promised to find out the name of the insurance company, without further detailing what he would do afterward. The death toll in the aftermath of Florence reached 37 as of Wednesday, according to the Associated Press .
  • Tim Cook defends pricing of new iPhones, says it's worth the money

    Tim Cook defends pricing of new iPhones, says it's worth the money

    Popular tech YouTuber Marques Brownlee (aka MKBHD) posted a video revealing the unboxing and the contents of the iPhone Xs Max . That's a 2.2 percent smaller battery than the iPhone X's 2,716mAh cell, but it's 1GB more RAM than the iPhone X's 3GB of RAM.
    Jovial Prince Harry Admits To Royal Jitters In New HBO Documentary

    Jovial Prince Harry Admits To Royal Jitters In New HBO Documentary

    The Duke and Duchess of Sussex are heading off to their first overseas royal tour together next month. "It'll keep us busy". It's ideal timing for the former Suits star, who is set to travel to Australia next month with her new husband.
    Marion

    Marion "Suge" Knight Cops Manslaughter Plea, Faces 28 Years In Prison

    Authorities claimed Knight intentionally drove his Truck into Carter and another man, Cle "Bone" Sloan, who was severely injured. The two traded blows, and then Knight clipped him with his pick-up truck, in the process running over businessman Terry Carter .
  • Vietnam's President Tran Dai Quang dies at age 61

    Vietnam's President Tran Dai Quang dies at age 61

    Quang was promoted through the Communist party's ranks, rising to become a police general and member of the politburo. Vietnam's constitution provides for the vice president to perform the president's duties should he be unable to work.
    Great White

    Great White "Lair" Discovered in Pacific

    Acoustic tags attached to the sharks led scientists to what they call the "Red Triangle" off Monterey between August and December. Female sharks, on the other hand, were tracked diving to deeper water during the day and rising to shallower water by night.
    Pogba hails mental toughness as key to Man United revival

    Pogba hails mental toughness as key to Man United revival

    According to BT Sport , Pogba took 26 steps in his penalty run-up against Young Boys in the UEFA Champions League , and scored. I need to adjust my game.' And he left as the best player in the world.
  • Donald Trump says he feels 'terribly' for Supreme Court nominee

    Donald Trump says he feels 'terribly' for Supreme Court nominee

    The GOP controls the Senate 51-49, meaning two defections in the party would defeat Kavanaugh if all Democrats vote no. It's hard to imagine that Ford will cut anything other than a sympathetic figure in front of the committee.
    Sewing needles pulled from shelves as arrest made in strawberry contamination crisis

    Sewing needles pulled from shelves as arrest made in strawberry contamination crisis

    There have now been more than 100 reported cases of contaminated strawberries, although some are suspected to be hoaxes. Strawberry farmers have welcomed the action, saying they faced financial ruin if demand did not recover quickly.
    KISS announces final 'End of the Road' tour on 'AGT'

    KISS announces final 'End of the Road' tour on 'AGT'

    Calling it the band's "most spectacular tour ever", the bassist/vocalist added that the trek will make stops on "all continents". Dates for the tour have yet to be announced, but KISSonline.com will be rolling those out in the next few weeks.


Most liked

Alibaba Cloud's City Brain solution improves urban management in Hangzhou - USA
Analysts have also warned that U.S. companies selling in China could face nationalist backlash against their products. An in January, his administration blocked Ant Financial's Moneygram deal on national security grounds.

Asia Cup 2018 | Bangladesh vs Afghanistan: Everything you need to know
While this match doesn't really hold much effect , both teams would like to actually end the Asia Cup group stage with a victory. Openers Mohammad Shahzad and Ihsanullah Janat, along with Rahmat Shah showed great temperament while batting against Sri Lanka.

Marcos Alonso Ready for Emergency Striker Role at Chelsea
I used to play as a striker when I was a kid, I really enjoyed it and I've kept some of the things I used to do, it's good to score goals to help the team".

Why FEC Suspended National Carrier Project
The Federal Government has announced the suspension of its national carrier project, Nigeria Air. Whiles government noted that it needed a strategic partner to invest $300m in the project.

OSU assistant Ryan Day gets $487K as fill-in for Urban Meyer
Sticking to his common message throughout this whole process, Meyer kept reiterating that he wished he had known and done more. Per Rinaldi, Courtney Smith said that Meyer chose to help the abuser and to enable the abuser.

Kanye West Says He's 'Moving Back to Chicago & Never Leaving Again'
West posted an image of the album Monday night, rumored to be a sequel , or follow-up of sorts, to his 2013 album Yeezus . According to TMZ , citing sources, West and Kardashian, 37, have already found a place in Chicago.

Brett Kavanaugh: Sexual assault accuser 'needs more time'
Numerous women, regardless of their politics, expressed personal empathy for Ford as she steps into a national firestorm. The president has indicated he wants Ford to testify, saying, "I really want to see her, to see what she has to say".

Ex-PM Najib Razak faces new corruption charges in Malaysia
Former Malaysian Prime Minister Najib Razak arrives at Anti-Corruption Agency for questioning in Putrajaya, Malaysia . However, U.S. authorities have said Tanore was controlled by an associate of Low and held funds diverted from 1MDB.

Ripple's xRapid Could Debut "In The Next Month or So"
xRapid is yet another step in Ripples objective to serve as a bridge for cross-border transactions in a faster, safer way. Investors can then use their newly-acquired Ethereum or Bitcoin to buy XRP using one of the aforementioned exchanges .

Cleveland Browns win unlocks beer at OH bars
In the 1:19 that he was on the field in the second quarter, Mayfield led the Browns on their only scoring drive of the first half. After a rough start, Mayfield entered the game late in the second quarter and ended up bringing the Browns to a 21-17 win.

Canadian marijuana firm Tilray gets rare DEA approval for clinical study
Researchers hope that by manipulating those brain structures they can reduce symptoms in patients. It now is managed with a mix of medications to treat high blood pressure or seizures.

Fire 7 Tablet with Alexa only $34.99
Turns out that the Fire 7 and Fire HD 10 tablets aren't the only devices that Amazon is offering big discounts on right now. Amazon's Fire 7 tablet is usually quite low-cost at $50, but now it's nearly impossibly cheap for Prime members.

New iPad Confirmed for Fall Launch with Big Face ID Change
As reported by developer Guilherme Rambo, now of 9to5Mac, the iOS 12.1 developer beta 1 comes with an " iPad2018Fall " identifier. Measure is available on the Apple iPhone SE , iPhone 6s or later, Apple iPad (5th Generation ) or later, and the Apple iPad Pro .

US Health Secretary Backs Proposed FDA Crackdown On E-Cigarettes
British American's Vuse e-cigs were a distant second, with sales of $404 million, according to Wells Fargo Securities and Nielsen. PHE said it was confident that systems were in place in England to protect children and young people from e-cigarette use.

Trump gets firsthand look at Hurricane Florence distress
ANALYSIS: While most will agree that Hurricane Florence was "not good", the former part of that sentence is a matter of opinion. The enduring image of the trip was of Trump at a church lobbing paper towels into the crowd as if shooting baskets.