Privateer, supported by Peter Thiel, benefits from his stake in Tilray



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Leafly is a social network where users can share tips on different products and clinics. Tilray produces and distributes cannabis and is looking for ways to use it. The other two make products containing cannabis, such as hand cream and chocolate.

The growing interest in businesses related to the marijuana industry arises while some large consumer products companies are entering the mix. Constellation Brands, the maker of Corona beer, holds an 8% interest in Canopy Growth, the largest medical marijuana producer in Canada. Canopy shares also had an unrestrained run on Wednesday, but closed nearly 5%. Coca-Cola also said that it was reviewing the industry.

A Privateer spokesman said the firm did not want to comment on Tilray's stock movements.

Privateer has raised funds at previous editions of Founders Fund, the firm headed by Peter Thiel, the mogul of Silicon Valley, and other small funds such as Subversive Capital, of which Michael Auerbach sits on the board of directors. Tilray administration.

Privateer founders Brendan Kennedy, Michael Blue and Christian Groh pledged their own money to "help communities hurt by cannabis prohibition", according to a strong announcement earlier this year.

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