Cannabis firm Tilray cuts ties with Namaste Technologies following pledge party

A reportedly racy shareholder party hosted by Namaste Technologies has cost the Toronto company its business ties with fast-growing cannabis producer Tilray.

Officials with Tilray confirmed in an email to Marijuana Business Daily that it had “ended its relationship” with Namaste after a highly publicized “pledge party” the firm held for stockholders who promised not to sell company shares for 90 days.

Cannabis stocks: Tilray’s shares jump more than 30% in Nasdaq debut

Canadian medical marijuana producer Tilray stock surged 32% on its first day of trading on the Nasdaq, a signal of a bullish stance towards the cannabis industry.