Pot Company Tilray Attracts Blue Chip Investors, CEO Says
- ‘The top 10 investors in our IPO would surprise people’
- Tilray was first cannabis firm to list in the U.S. only
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Tilray Inc., the first cannabis company to list directly on a U.S. exchange, attracted several blue-chip investors to its initial public offering, according to its chief executive officer.
“The top 10 investors in our IPO would surprise people,” Brendan Kennedy said on the sidelines of a marijuana conference in Toronto Wednesday. “We had a very large book of investors and a large percentage of them were blue-chip institutional investors and we were their first cannabis investment.”