Tilray wraps up Nasdaq IPO, raises $232 mln with greenshoe

Tilray Inc, a Nanaimo, British Columbia-based cannabis cultivator, processor and distributor, has closed its initial public offering in the United States. The company, which last week listed on the Nasdaq Global Select Market under the symbol TLRY, raised more than $232 million (US$176 million) with the full exercise of the IPO's greenshoe option. Tilray will continue to be majority owned by U.S. cannabis private equity firm Privateer Holdings, which has held and funded the business since its founding in 2014. Tilray's public debut valued it at about $2.6 billion (US$2 billion), Reuters reported.

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