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Why Tilray Stock Is Rising Today

TheMotleyFool

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Shares of Tilray (NASDAQ: TLRY) climbed on Wednesday after the marijuana company announced it had received regulatory approval to sell medical cannabis products in New Zealand.

As of 11 a.m. EST, Tilray's stock was up more than 3% after rising as much as 11% earlier in the day.

Tilray's approval represents the first under the New Zealand Ministry of Health and the Medicinal Cannabis Agency's new system that's designed to make it easier and less expensive for patients to obtain cannabis products that satisfy its quality standards.

Source Fool.com

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