Tilray and Peter Thiel-backed fund strike deal to release its shares gradually over the next two years

Brendan Kennedy, CEO, Tilray Scott Mlyn | CNBC Tilray struck a deal with its majority shareholder, a Peter Thiel-backed fund, to sell the fund’s stake gradually over the next two years, the Canadian pot company announced Monday. Privateer Holdings, a cannabis-focused private equity fund, formed Tilray in 2013. It welcomed outside investors in private financing […]

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Cramer Remix: I don’t like the fossil fuel stocks

CNBC’s Jim Cramer, when asked about Continental Resources, told a viewer that he has turned sour on fossil fuel stocks. “I don’t like the fossil fuel stocks. I don’t like the ones that don’t have dividends, even the ones with dividends aren’t doing that well,” the “Mad Money” host said. “I’m taking a hard pass.” […]

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