A BC based cannabis company has opted to forgo the Canadian stock market and take its Initial Public Offering (IPO) south of the border.

Tilray Inc. will be listed under the ticker symbol “TLRY” on the NASDAQ stock exchange located in New York, New York.

The NASDAQ is the second largest exchange in the world by market capitalization behind only the New York Stock Exchange.

Tilray Inc. will initially offer 9,000,000 shares of Class 2 common stock at an initial price to the public between $18.40 and $21 CAD per share on the NASDAQ.

Tilray Inc. Launches Initial Public Offering: https://t.co/kei8bunoBp pic.twitter.com/tig7oMATTK

— Tilray Canada (@tilray) July 9, 2018

The medical cannabis company produces a variety of CBD and THC oil products along with smoking and vaping accessories.

We have a full slate of oils in the Tilray Shop! In addition to our high-CBD products, our 10:10 Balance formula and 25:0 THC oil are now available. https://t.co/bVgPqdN6Dz pic.twitter.com/iA3Uwd1uj1

— Tilray Canada (@tilray) June 28, 2018

Tilray does not intend to list on any stock exchange in Canada.

For more information regarding how to qualify for the offering, click here.