Tilray stock soars 10% after company tapped to provide medic

Tilray stock soars 10% after company tapped to provide medical cannabis in French study


Tilray stock soars 10% after company tapped to provide medical cannabis in French study
CNBC
1/26/2021
Katie Tsai
Tilray's stock surged nearly 10% Tuesday after announcing that the French government tapped it to provide cannabis for medical experiments.
The French National Agency for the Safety of Medicines and Health Products will begin the 18- to 24-month study during the first quarter.
Tilray's products will treat patients with neuropathic pain, epilepsy and multiple sclerosis who aren't getting relief from existing treatments.
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A worker inspects cannabis plants inside the grow room at the Aphria Inc. Diamond facility in Leamington, Ontario, Canada, on Wednesday, Jan. 13, 2021. Tilray Inc. and Aphria Inc. agreed to combine their operations, forming a new giant in the fast-growing cannabis industry.

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