Why Tilray Surged 119.1% in January

Shares of Tilray (NASDAQ: TLRY) rose 119.1% in January, according to data provided by S&P Global Market Intelligence, on a slew of good tidings that began the month prior and continued on into the new year.

It seemed it was just a month of back-to-back-to-back good news for Tilray. First, it announced a pot stock megamerger with Aphria (NASDAQ: APHA) to form the largest cannabis company in the world in terms of revenue. Then it and its partner Anheuser-Busch InBev (NYSE: BUD) were ready to roll out marijuana drinks in Canada beginning on Jan. 1 when it became legal to do so.

Image source: Getty Images.

Continue reading

Source Fool.com