Pot Stock Tilray Is Now Bigger Than American Air, Clorox, CBS
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Tilray Inc., crowned Tuesday as the most valuable pot company, is now bigger than many leaders in other industries -- including household names that are more than 100 years old.
The British Columbia, Canada-based cannabis company opened higher by 50.7 percent Wednesday, bringing its total market value to $21.7 billion, according to data compiled by Bloomberg. This exceeds the values of American Airlines Group Inc. at $18.7 billion, Clorox Co. at $19.5 billion, and CBS Corp. at $20.9 billion as of Tuesday’s close, while closing in on Hershey Co. at $21.7 billion.