The increase in its shares price will add to Tilray's market valuation of almost $3 billion, Bloombergreported. Investors rushed to buy the company's shares, despite denials from both Aurora and Coca-Cola that such a partnership was in the works.
That lit a fire under two other cannabis companies, Cronos and Canopy Growth, which gained 23.1 percent and 5.7 percent, respectively.
Recreational marijuana has been legalized in nine USA states and the nation's capital, and medicinal cannabis has been legalized in more than 30. Nahab's team had selected the Canadian company from a shortlist of four.
"Tilray is proud to support this crucial research", Dr. Catherine Jacobson, Director of Clinical Research at Tilray, said in a statement.
On top of being positive for the sector, the clinical trial supports Tilray's medical cannabis prospects as it competes with Smiths Falls, Ont. -based Canopy Growth in an intellectual property-arms race, said Cowen analyst Vivien Azer in a recent note.
While Privateer is run from the U.S., Tilray's operations are based in the former coal-mining town of Nanaimo on Vancouver Island, about 200 kilometers (125 miles) across the Juan de Fuca Straight from Seattle.
Tilray cultivates, processes and distributes cannabis extracts and dried flower products to patients, doctors and medical researchers around the world, including Britain.
Big shares gains like the one seen on Wednesday have been somewhat of a common occurrence for cannabis producers.
Aurora's shares were up 4.7% at C$11.38 on the Toronto Stock Exchange (TSX).
Tilray is investing in production capacity in Portugal so it can supply products to the European Union from within Europe, he said.
"Citron would like to inform investors of caution on the ongoing and real green rush", the firm said at the time.
The University of California San Diego's Center for Medicinal Cannabis Research announced September 18, 2018 that the DEA has approved their proposal to import capsules of extracted cannabis compounds CBD (cannabidiol) and THC (tetrahydrocannabinol) for use in research. Last year, Barrick earned more than $8 billion while Tilray's revenue was only at $20 million.
In a tweet fired out Wednesday, the Andrew Left-led research firm said the more than 800% gain in Tilray shares since their July initial public offering is "beyond comprehension" and that it is holding a manageable short position "until rationality sets in".
The stock may also be benefiting from a scarcity of shares. About a third of Tilray's float is sold short, according to financial analytics firm S3 Partners.
Battley told the Post that a US listing would broaden access of its stock to institutional investors who aren't allowed to trade OTC-listed stocks.
Liverpool have gone 750 minutes without conceding a Premier League goal at Anfield, keeping eight clean sheets in a row. But he is still a threat, has fantastic situations in both games and he is in good shape".
According to Tanzanian government records, about 800 people were killed when the MV Bukoba capsized on Lake Victoria in May 1996. The vessel was also carrying cargo, including bags of cement and maize, when it capsized around 50 metres from the shore.
He's seen plenty of the 14-time major champion over the years and is just as curious as the rest of us as to how it will play out. He was unable to birdie the par-5 18th, despite an excellent approach that just traveled too long into a back bunker.
Since none of this is confirmed at the moment, it is advisable to take it with a grain of salt unless its official launch. The Google Pixel 3 and Pixel 3 XL are expected to launch this coming 9 October 2018.
Founded in 2013 by Will Shu and Greg Orlowski, Deliveroo is UK's one of the most successful start-up stories. If the deal goes through, it would signal a major move for Uber to dominate the food delivery market.
Sky, valued at roughly $35 billion, is the largest company the United Kingdom panel has overseen at auction, according to the WSJ. In the second round only the other suitor, now Comcast, would be allowed to increase their offer.
Power failures in the Southeast also were down, from a high of more than 910,000 to about 310,000, almost all in North Carolina. In a news conference Tuesday, Cooper warned that sunshine doesn't mean the threat is over, and rivers continue to rise.
It is unclear whether producers such as Saudi Arabia, Iraq and Russian Federation can compensate for lost supply. USA light crude CLc1 was down 32 cents to settle at $70.80 a barrel after rising almost 2 percent on Wednesday.
Dalot produced an assured performance in Manchester United's 3-0 victory over Young Boys in the Champions League. Joao Moutinho's goal in the 53rd minute gave Nuno Esperito Santo's a comfortable point at Old Trafford.
She later deleted the picture of Foley after a request from his family, saying she had been unaware of his identity. If convicted, Le Pen could be punished with up to three years in prison and a fine of around $91,000.
Residents in Polk County are only permitted to kill alligators 20 days out of the year, according to KTRK-TV. This year was full of firsts for Cochran, according to KTRK-TV.
Chelsea - Premier League - 23 September 2018
This means that Willian will move to the right flank as Eden Hazard will occupy the left-hand side after being rested for Europe. In last season's fixtures, West Ham were defeated at home by Chelsea in December.
Wall St rises, Dow hits new high
The last time the S&P and Dow hit record intraday highs without the Nasdaq following suit was December 13, 2017. The November crude contract was down 45 cents to US$70.32 per barrel, a day after hitting a two-month high.
11 troops killed in Iran parade attack
Yesterday, Iran's Supreme Leader Ayatollah Ali Khamenei accused US-backed Gulf Arab states of carrying out the attack. The dead included 12 members of the country's elite Revolutionary Guards, while more than 60 people were wounded.
Timberwolves say they intend to keep Butler
However, Shams Charania reported that Towns does not want to make any decisions until the Butler situation is resolved. Though Butler was limited to 59 games due to an injury, the team made the playoffs for the first time since 2004.
Vigil honours star golfer who was killed in Iowa
With BC-US-Golfer Killed-Iowa. " We are all devastated ", Iowa State head women's golf coach Christie Martens added. In another, he threatened to return to a convenience store to shoot clerks who caught him shoplifting.
The Timberwolves Are Determined to Lose Jimmy Butler for Nothing
Wiggins, meanwhile, has been said to be bothered by being relegated to the team's third offensive option behind Butler and Towns. Whether that's due to some sort of undisclosed injury, or simply a personal decision by Butler not to participate is not clear.