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Meet Tilray, the $15 Billion Cannabis King With Scant Revenue

  • Tilray sees stock surge amid investor optimism over marijuana
  • Company one of few with U.S. stock listing, Canaccord says
Tobacco Smolders as Booze Makers Get Pot Lift: Tara Lachapelle
Photographer: Chris Roussakis/Bloomberg
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Two months ago, Tilray Inc. was a little-known Canadian marijuana producer working to build its international footprint from the sleepy British Columbia town of Nanaimo.

Today, Tilray has become the king of pot. The stock has soared more than 10-fold since its initial public offering in July, dethroning Canopy Growth Corp. as the world’s largest marijuana company. It sports a market value of about $17 billion, even after a pullback Thursday.