Tilray to Invest $419 Million To Purchase Manitoba Harvest

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Cannabis producer Tilray Inc. has signed a deal to obtain Hemp Hearts-maker Manitoba Harvest for up to $419 million in money and stock as the two firms appear to launch CBD-infused items exactly where permissible in the U.S.

The acquisition accelerates the Nanaimo, B.C.-primarily based pot grower’s entry into the U.S. industry as the hemp meals manufacturer’s items are currently on the shelves of retailers such as Wal-Mart, Costco and Complete Foods on each sides of the border, stated Tilray chief executive Brendan Kennedy.

Tilray will appear to leverage the meals maker’s manufacturing facilities in Manitoba and its provide chain to roughly 16,000 shops exactly where their items are currently sold in North America, he added.

A lot more at . https://enterprise.financialpost.com/cannabis/cannabis-enterprise/tilray-to-obtain-hemp-meals-corporation-manitoba-harvest-for-up-to-419-million

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