While the cannabis industry has attracted plenty of high-profile names, Peltz is arguably the highest-profile investor to take a job with a pot firm.
The stock of cannabis company Tilray, a subsidiary of Seattle-based Privateer Holdings, climbed 5.3 percent Wednesday on news of the deal.
Will U.S. or Canadian companies dominate the burgeoning legal marijuana business? The four biggest weed companies in the world, including two with valuations in the...
Tilray, a subsidiary of Seattle-based Privateer Holdings, will work with the University of California San Diego's Center for Medicinal Cannabis Research on a clinical trial.