![]() One of the pioneers in this space was CNBC, and there is one name that has become almost synonymous with finance television: Jim Cramer. An earlier version misstated the percentage.Throughout history, by a combination of technological innovations that created the necessary infrastructure and the advancements in terms of the average level of financial education, there has been a very clear and distinct trend of stock market investing slowly moving away from the professionals and becoming more mainstream adopted henceforth a trade that is practiced by the everyday man.Įarly on, years before the birth and popularization of social media, it was the major media conglomerates that capitalized on this process by launching multiple finance and investing-related television shows that were almost predominantly oriented in both style and substance to the retail investor. The stock ended Tuesday's trading session at $154.98 a share, up 28.95 percent.Ĭorrection: Tilray's stock has risen more than 500 percent since the company's U.S. Shares of Tilray are up more than 500 percent since the company's U.S. "It's not about Canada, it's about all the countries that follow." "I think you'll see the third country within 12 months of October, and that's where the real opportunity is," he told Cramer. ![]() What intrigues me is country three, four, five and six."Īnd the rest won't take long, the CEO said. "With Canada, we're about to see 100 percent growth: one country, Uruguay, to two countries, Canada. ![]() "There's a clear global growth opportunity when it comes to medical cannabis," he said. Yet, even with full legalization coming to Canada in October, Kennedy was focused on the bigger picture. ![]() The rally made Tilray larger on a market-capitalization basis than 93 companies in the, including household names like Macy's and Ralph Lauren. Drug Enforcement Administration said it would allow the Canada-based marijuana cultivator to ship its product to the United States for medical research. On Tuesday, shares of Tilray surged 29 percent to a new 52-week high after the U.S. There are currently no talks between the companies. I think you'll see multiple hundred-billion-dollar companies." "Our intent is to build a company that dominates part of this $150 billion industry. In return, Novartis will help Tilray co-market and co-develop its products.īut if partnership interest were to arise from companies like Anheuser-Busch InBev, the maker of Budweiser, Kennedy wasn't too keen on its potential. In March, Tilray formed a "strategic alliance" with a division of Novartis called Sandoz, which specializes in generic pharmaceuticals, to help the Swiss drugmaker build this kind of hedge. "Whether you're an alcohol company or an investor in an alcohol company, this is a global opportunity." It's a great hedge for them," Kennedy told Cramer. "I think all the alcohol companies need to enter this industry. ![]() The CEO said the same goes for alcohol producers, some of which, namely Constellation Brands, have already begun to invest heavily in marijuana companies. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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