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Why Tilray Stock Popped 22.2% Today

TheMotleyFool

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Marijuana stock Tilray (NASDAQ: TLRY) increased in value by more than a fifth today, closing the day up 22.2% -- and for a most surprising reason.

Early Tuesday morning, Tilray announced that it has brought on former Revlon executive Jon Levin to serve as its new Chief Operating Officer and former Molson Coors executive Michael Kruteck to serve as Chief Financial Officer. The hiring of two new C-level execs appears to be the primary driver behind today's rise in share price.

Image source: Getty Images.

Source Fool.com

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