First Medical Marijuana Company Goes Onto U.S. Stock Exchange
It's all about the green literally and figuratively.
Tilray grows cannabis, processes it, then sells it to tens of thousands of medical marijuana patients in Australia, Canada and Germany through subsidiaries and agreements with pharmaceutical distributors. The company currently grows marijuana in both Canada and Portugal.
Currently, products are available in 10 countries on five continents. And Kennedy said his company's customer base will only increase as "country after country around the world" seeks to legalize medical cannabis. He said the "shift away from an illicit market to legal market" would increase adult cannabis users globally from 3.5 million to about 40 million people, with other countries modeling Canada's regulatory framework.
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