Canadian marijuana company Tilray, a subsidiary of Seattle-based Privateer Holdings, plans to price stock in its IPO between $14 and $16 a share.

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Canadian marijuana company Tilray, a subsidiary of Seattle-based Privateer Holdings, said Monday that it plans to offer 9 million shares priced between $14 and $16 a share in its initial public offering.

The company has applied to be listed on the Nasdaq exchange under the ticker symbol TLRY.

Tilray, which is led by Privateer co-founder Brendan Kennedy, filed papers for its IPO in the U.S. on June 20, a day after Canada’s Senate passed a bill legalizing the recreational use of marijuana.