Nanaimo-based Tilray applies for listing on the Nasdaq

Nanaimo-based Tilray applies for listing on the Nasdaq

Medical marijuana company planning initial public offering

A Nanaimo-based cannabis cultivator intends to go public on a major U.S. stock exchange.

Tilray has announced that it has filed an application with the Securities and Exchange Commission in the United States for an initial public offering of shares on the Nasdaq Global Select Market using the symbol TLRY, according to a press release.

“The number of shares to be offered and the price range for the offering have not yet been determined,” the release notes.

Tilray says it has no plans to list on any stock exchange in Canada.

A spokeswoman for Tilray said the company will not comment on the announcement at this time.