Cannabis IPOs have been red hot in 2018.
Tilray (TLRY), one of the largest cannabis companies operating in Canada and the US, is a great example.
This early industry leader began trading on the US-based NASDAQ exchange on July 20 at $24.20. Today shares are up more than 300%, trading above $100.
These kind of huge gains in a short amount of time are unusual.
However – I see another cannabis IPO ready to go off on Thursday that reminds me a lot of Tilray.
Acreage Holdings (ACRG.U) is set to become the largest cannabis IPO in the history of the US cannabis industry.
Shares started trading on the Canadian Securities Exchange.
Estimates are predicting Acreage could be worth around $4 billion after the IPO – potentially making this the largest IPO in the history of the US cannabis industry.
There are two reasons this should be an exciting cannabis IPO. Continue reading "Record $4 Billion Cannabis IPO Debuts Today"