Cannabis Stocks: Tilray's Shares Jump More Than 30% In Nasdaq Debut

Canadian medical cannabis producer Tilray saw its stock surge 32% in its first day of trading on the Nasdaq, as investors signaled their bullish stance toward the marijuana industry in general and Tilray’s initial public offering (IPO) in particular. The British Columbia-based company stock closed at $22.39 on Thursday, up $5.39 from its IPO price of $17. The company’s debut marked the first time a plant-touching business has gone public on a major U.S. exchange via an IPO.

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