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.

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