Cannabis Watch: Marijuana stocks to watch: Tilray has big plans and a highly volatile stock

The following article is part of a package of stories that MarketWatch is publishing to mark the start of full legalization of cannabis for adult use in Canada on Wednesday.

When Tilray Inc. became the first cannabis company to go public on a major U.S. exchange this year, it marked an important turning point for the sector — as Chief Executive Brendan Kennedy told MarketWatch, the successful IPO on the Nasdaq was a validation for the overall industry.

The cannabis producer TLRY, -7.34% , based on Vancouver Island, has a unique structure as compared with its Canadian competitors.

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