Tilray, Cronos among marijuana stocks soaring in Monday trade
Shares of marijuana stocks are continuing their strong run Monday. Tilray Inc.’s stock is up 20% and on track to close at a new all-time high, while shares of Cronos Group Inc. CRON, +20.32% are up 22%. Shares of Tilray, Cronos and several other pot companies soared last week on expectations that major beverage makers would strike deals with the cannibis companies. Tilray, which went public in July, reached an agreement last week with Ontario Cannabis Store, which also boosted its stock. The company is due to report quarterly results on Aug. 28.
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