Tilray Sharing after work hours

Shares of Tilray Inc. (TLRY) fell 17.5% on Wednesday after being arrested five times during the afternoon session.

Tilray's shares closed the intraday session up 38.12% to 214.06 dollars.

The stock jumped more than 90% on Wednesday, September 19th, resulting in the 69.92% stop of Tilray at 263.34 dollars. The stock was stopped again at a subsequent sale, up 8.6% to $ 168.33. Trade resumed, with shares rising 40% before being stopped again.

The action began in July at just $ 17 per share.

Investors really liked what CEO Brendan Kennedy told Jim Cramer on Tuesday night about "Mad Money" or the company's stock is a bubble waiting to burst.

Kennedy presented his Canadian cannabis business as a smart cover for the world's largest pharmaceutical companies in an interview with Cramer on CNBC.

"Cannabis is a substitute for prescription painkillers, prescription opioids, and if you're an investor in a pharmaceutical company or a pharmaceutical company, you have to protect yourself from cannabis substitution," Kennedy said. Cramer.

Tilray has also raised other players in the cannabis space. Cronos Group Inc. (CRON) shares rose 21.2% and Canopy Growth Corp. (CGC) of 5.8%.

Tilray shares rose 29% on Tuesday after the Canadian soup company announced that it had received approval from the US Drug Enforcement Administration to import pharmaceutical-grade medical cannabis for a clinical trial. This is the first Canadian company to be allowed to import into the United States. Tilray shares have increased by 400% in the last four weeks.

Tilray will import a cannabis pill that will allow researchers to test an experimental drug containing cannabidiol and tetrahydrocannabinol. The study is expected to begin in early 2019.

Constellation Brands Inc. (STZ), giant of wine and spirit, was one of the first to discover the opportunity of cannabis, spending $ 191 million in 2017 for a 9.9% stake in Canopy Growth . Constellation has since lost $ 4 billion more to increase its ownership interest in Canopy Growth to 38%.

Constellation Brands will be present at TheStreet's "Invest Like the Pros" event on October 13th.

To be a profitable investor and create wealth in the long run, you need the right information and techniques. Join TheStreet on October 13, 2018 for a special investment event for sophisticated and active traders. Sign up for "Invest Like the Pros: Boot Camp for Jim Cramer Investors" here.