Why Tilray Stock Climbed More Than 14% Tuesday
Tilray (NASDAQ: TLRY) stock climbed more than 14% on Tuesday. The Canadian cannabis company opened at $10.17, then rose to as high as $11.63 during the day. The stock was as high as $63.91 in February, but has been on a steady decline since.
Tilray shook up its management team on Tuesday, appointing former Bacardi executive Blair MacNeil as the company's president. According to Tilray, MacNeil will oversee sales, marketing, and operations for Tilray's medical and adult-use cannabis business.
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Source Fool.com
