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First pot company to IPO on Nasdaq raises $153 million

Tilray Inc. TLRY, +0.00% late Wednesday raised $153 million by means of an inital public providing of nine million shares of which 6.524 million shares shall be introduced within the U.S. at $17 a share, above its anticipated pricing range of $14 to $16. Another 2.476 million shares labeled as subordinate balloting shares shall be introduced in Canada and other nations at 22.45 Canadian dollar a share. Tilray, a federally-licensed marijuana cultivator, processor and distributor, will receive the bulk of the proceeds and shall be majority managed by the Seattle, Wash.-based Privateer Holdings. Shares are anticipated to start buying and selling Thursday morning on the Nasdaq underneath the ticker image TLRY.