Cannabis Producer Tilray To Acquire The World's Largest Hemp Food Company

Credit: Wochit
Published on February 20, 2019 - Duration: 00:42s

Cannabis Producer Tilray To Acquire The World's Largest Hemp Food Company

According to Business Insider, The Canadian marijuana-producer Tilray announced Wednesday that it will acquire Manitoba Harvest, the world's largest hemp food company.

Shares were up 1.1% to $77.88 in early action.

Tilray said it has entered into a definitive agreement to acquire Manitoba Harvest for up to 419 million Canadian dollars ($318 million) in a deal that will be financed through cash and Tilray's class 2 common shares.

It won't involve any debt, according to the marijuana company.

Advertisement

You are here

Recent related videos from verified sources

One Thing Investors Need to Know Before Investing in Cannabis 01:08
Credit: The Street - Published 1 week ago 

Three Things to Watch in the Cannabis Sector After Tilray and Aurora's Earnings 01:20
Credit: The Street - Published 1 week ago 

Cannabis Producer Tilray Jumps In Stock Market 00:36
Credit: Wochit - Published 1 week ago 

Why is Pro Golfer Bubba Watson Into CBD space ? "I am Getting Older" 00:38
Credit: The Street - Published 3 weeks ago 

cbdMD and Bubba Watson on Their New Partnership 03:12
Credit: The Street - Published 3 weeks ago 

2019 Cannabis Science Conference Hopes To Open Minds On Positive Cannabis Effects 02:10
Credit: WJZ Baltimore - Published on April 8, 2019 

TripAdvisor Reveals 2019's 5 Best Airlines Worldwide 01:27
Credit: Wibbitz Top Stories - Published on April 8, 2019 

You might like