Brendan Kennedy, CEO of Canadian MED company Tilray, and Seattle-based investment vehicle Privateer Holdings was the second highest paid CEO of companies traded on U.S. exchanges in 2018. He made just over $256M.
Bloomberg
- Kennedy owes much of his earnings to Tilray’s stock which debuted on the NASDAQ in July and ended up gaining 315% on the year.
- In 2012, Kennedy told Bloomberg, the cannabis business is “either career suicide or it’s the smartest decision we’ve ever made in our lives—and we won’t know for three to five years.”
- Tilray and its stock have had a harder time in 2019. ????WW Canada explains why.
- Elon Musk was the best paid CEO, Bob Iger, of Disney, was third.
Quick Hits
- Bankers are eager to serve cannabis companies, a survey found.
SacBee - Canna Law Blog says the industry can’t ignore the U.S./China trade war.
- Amanda Chicago Lewis reports on the rivalry between pot moguls BigMike and Dan Bilzerian who also offer their customers a fantasy of “butts, boobs and bikinis”
Rolling Stone
6.
