Tilray dethrones Canopy Growth as the most valuable marijuana stock

Peter Thiel’s pot company is now worth more than Twitter

Shares in marijuana company Tilray Inc. went on a wild ride - surging by more than 90 per cent then briefly dropping into negative territory and rebounding - one day after the licensed producer said it got approval to export medical cannabis from Canada to the US for a clinical trial. Trading was halted several times because of that volatility. He said the investors buying these stocks at their current prices are already betting on enormous successes, but even if legal marijuana takes off, some of the companies will fail. Aurora stock, which is listed in Canada, surged.

Canopy Growth has more than doubled in value this year, and Cronos Group has jumped 72 per cent. GW Pharmaceuticals, which recently received government approval for a cannabis-derived drug used to treat seizures, is up 29 per cent. The company also got a boost this week when the U.S. Drug Enforcement Administration gave it the green light to import medical marijuana for a clinical trial in California. Shares were US$35.90 when trading closed August 20.

Recreational marijuana will become legal across Canada on October 17, and consumable forms of the drug will be legal in 2019.

Michael B. Jordan will star in a Rainbow Six movie
The Without Remorse movie is coming first, as it is an origin story for the character, with the Rainbow Six film landing later. Clark was largely used as a supporting character to Jack Ryan , until he was given his own adventure in " Without Remorse ".

Tilray's Kennedy on Tuesday told CNBC's Jim Cramer that there's a clear global growth opportunity for medical cannabis and he expects to see another country follow in Canada's footsteps by legalizing marijuana in the next year.

Growe noted that governments considering marijuana legalization or similar policies are likely to move very slowly.

According to newest insights from KAYAK, one of the worlds largest flight aggregator and travel metasearch engine, these are the top trending destinations among Canadian travellers in 2018, and the statuses and penalties for cannabis use for each of them. Shares of its stock have crashed 58% since topping out at $300 on Wednesday afternoon.


  • Nadal withdraws from Asian Swing

    Nadal withdraws from Asian Swing

    Open and this past Monday I was with doctors in Barcelona to review the situation with my knee", Nadal wrote on Twitter . Meanwhile, Nadal's injury also caused him to miss out on Spain's Davis Cup semi-final clash with France last week.
    Spotify now letting independent artists upload music directly

    Spotify now letting independent artists upload music directly

    This is sure to be massive for independent artists once the portal is expanded and available to more users. Spotify , as grand a portal for music as it's become, has also had a bit of a gatekeeping issue.
    China urges United States  to withdraw sanctions or face 'consequences'

    China urges United States to withdraw sanctions or face 'consequences'

    The US official, who did not wish to be identified emphasised that the ultimate target of these sanctions was Russian Federation . The State Department also announced it was placing 33 Russian intelligence and military-linked actors on its sanctions blacklist.
  • Free Beer: Browns’ Win Unlocks ‘Victory Fridges’ Around Cleveland

    Free Beer: Browns’ Win Unlocks ‘Victory Fridges’ Around Cleveland

    Before the season began, Bud Light installed some "Victory Fridges" at bars in the Cleveland area. The free beer thing.Ok Cleveland.
    The Hardest Known Substance in the Universe - Nuclear Pasta

    The Hardest Known Substance in the Universe - Nuclear Pasta

    The substance of such stars in the depths of the core, form a kind of thread or clots, calling these structures "neutron cream". These tiny spinning objects are only a dozen or so miles wide and yet pack in the entire mass of our sun.
    Infants among wounded in Queens day care stabbing

    Infants among wounded in Queens day care stabbing

    CBS New York reports that the daycare was in a home and it was not yet clear if it was being run as a licensed care center. The injured man is a father of one of the chilren at the day centre and he recieved a stab wound to his leg.
  • Alleged emu killer arrested and charged

    Alleged emu killer arrested and charged

    Anyone who recognises the man in the video is urged to come forward and call the RSPCA or police on Crime Stoppers on 1800 333 000.
    Mourinho insists Smalling and Lindelof partnership is helping Manchester United

    Mourinho insists Smalling and Lindelof partnership is helping Manchester United

    To play for Manchester United is hard enough for a kid of 19 years old coming from another country and after an important injury [to a knee] and surgery.
    FDA Threatens To Crack Down On E-Cigarettes

    FDA Threatens To Crack Down On E-Cigarettes

    Products introduced after that date must be subjected to a rigorous scientific review process before they are approved. A crackdown on e-cigarettes could be a boost for big tobacco, Piper Jaffray's Michael Lavery told CNBC on Thursday.
  • Emery targets defensive stability as Arsenal claim win in Europa League opener

    Emery targets defensive stability as Arsenal claim win in Europa League opener

    But the visiting side from Ukraine pulled two late goals back to leave Emery's team without a single clean sheet this season. Pierre-Emerick Aubameyang believes Arsenal are capable of winning the Europa League in 2018-19.
    Mistakes were made in Serena's US Open row - Federer

    Mistakes were made in Serena's US Open row - Federer

    Unequal treatment occurs through consequences, punishments, and disciplinary measures that women face that are not applied to men. Speaking before this week's Pan Pacific Open, she grinned: "I'm kind of notorious-I'm not that great at trophy ceremonies".
    Asia Cup 2018, Bangladesh vs Afghanistan

    Asia Cup 2018, Bangladesh vs Afghanistan

    While this match doesn't really hold much outcome , both teams would like to actually end the Asia Cup group stage with a victory. Both these batsmen should grow in confidence after that performance and they will be expected to bring that form into this match.


Latest news

Hunt for famed 'Endeavour' ship could be nearing an end
And on Friday , marine archaeologists are set to make an official announcement they've identified the Endeavor's remains. He arrived off the south-east coast of what is now Australia in 1770, eventually making landfall at Botany Bay.

Microsoft Takes Aim at Salesforce With Dynamics AI
The Dynamics 365 business applications come integrated with Office 365 and natively built on Microsoft Azure. Rather, it is catching up to the industry trend of embedded AI within business applications.

Tran Dai Quang, Vietnamese President dies aged 61 after illness
He served as Deputy Minister of Public Security from 2006 to August 2011, and Minister from August 2011 to March 2016. The National Assembly is scheduled to convene a session next month and expected to elect a new president.

Cody Wilson, the Arkansas-born plastic gun promoter, charged with sexual assault
That followed a collection of states suing to stop a settlement that the federal government had reached with Defence Distributed . In an effort to circumvent the decision, Wilson instead started selling the files instead of giving them away for free.

Apple fans in Singapore get their hands on latest iPhone XS models
Interestingly, Apple has also reduced battery capacity this time with the iPhone XS , but hasn't compromised on the performance. Both the iPhone XS and iPhone XS Max are equipped with 4 GB of RAM , while the iPhone XR is equipped with 3 GB of RAM .

European Union leaders react to May's Brexit deal
The biggest single obstacle to a deal is the need to maintain an open border between the UK's Northern Ireland and European Union member Ireland.

Tiger Woods sends fans into meltdown with astonishing eagle
It wasn't as low as the 62 he shot at Aronimink to share the 18-hole lead in the BMW Championship two weeks ago. With that being said, Woods has already proven that he can hang on the weekend this year.

President Trump visited Conway to see damage caused by Florence
Florence has killed at least 35 people - 26 deaths happened in North Carolina, while another eight happened in SC . North Carolina is the nation's top producer of tobacco, which remains one of the most valuable crops for farmers.

Regulatory filings reveal iPhone XS, XS Max and XR RAM, battery capacities
Kuo added in his note that the iPhone XR is expected to do good, tipping it to account for upwards of 60 per cent of Apple sales. The iPhone XS Max is said to have a larger cell at 3,174mAh, which is one of the largest we've ever seen on an iPhone product.

China-US trade dispute could last 20 years, says Alibaba's Jack Ma
At the time, Trump had been complaining of the trade imbalance between the United States and China. He said the friction will not be resolved in 2 months or 2 years, but could last 20 years.

Kavanaugh accuser's classmates send letter of support to Congress
Trump took pains to not mention her by name on Thursday, and limited himself to defending Kavanaugh's character. Judge has told the committee he does not recall the incident and does not want to speak publicly.

Sarri feeling sorry for 'unlucky' Morata
I am very happy with the three points, but not the result . "I think we were in control of the match for 90 minutes". I am not able to give him confidence. "I don't know exactly the situation", the Italian told a news conference.

Multiple people reported hurt in Syracuse, New York shooting
Dispatch logs showed police responded to a shooting at a house in Syracuse after 9 p.m., the Post-Standard reported . No arrests were immediately made in connection with the shootings.

Watch Meghan Markle See Her Final Bridal Gown Ahead of Royal Wedding
The Duke and Duchess of Sussex are heading off to their first overseas royal tour together next month. Meghan can be heard saying: "53 countries, oh my goodness".

Emilia Clarke, Mother Of Dragons, Got The Perfect Tattoo Of Her Babies
Clarke just revealed on Instagram that she got her GoT character Daenerys Targaryen's three dragon babies tattooed on her wrist. Co-star Sophie Turner similarly got a tattoo to commemorate her time on Game Of Thrones in July.

Other news