ttystikk
Well-Known Member
“Meet the Men Marijuana Made Into Millionaires and Billionaires” [Bloomberg]. “A surge in the share prices of cannabis companies have made millionaires, and even billionaires, out of investors. The pot-stock boom is expanding across the industry, with the most extreme example, Tilray Inc., seeing its shares catapult about 13-fold in the months since its July initial public offering…. Background: Brendan Kennedy, 46, and his partners Michael Blue and Christian Groh, whose ages couldn’t immediately be confirmed, founded Seattle-based Privateer Holdings Inc. in May 2010. The firm later invested in Canadian pot firm Tilray Inc. The three have known one another for years. Kennedy and Blue are graduates of Yale School of Management’s MBA program. Kennedy and Groh had worked together at SVB Analytics, an affiliate of Silicon Valley Bank.” • While the people who created the industry rot in jail. Nice.