Marijuana company Tilray completes IPO above expected price

Canadian marijuana company Tilray, a subsidiary of Seattle-based Privateer Holdings, completed its initial public offering Wednesday of 9 million shares at a price of $17 apiece.

Shares will begin trading on the Nasdaq Thursday under the ticker symbol TLRY. Tilray’s offering, sold above the previously estimated range of $14-$16 a share, raised approximately $153 million before costs.

While other marijuana companies have obtained listings on U.S. stock exchanges, often through mergers, Tilray says it is the first to successfully complete