Tilray

Another cannabis giant has thrown its hat into the hemp arena. Yesterday, Tilray Inc. (NASDAQ: TLRY) announced that it has entered into a definitive agreement to acquire FHF Holdings Ltd., better known as Manitoba Harvest, for CAD$ $419 million. Manitoba Harvest is one of the world’s largest manufacturers of hemp food products. Tilray hopes to leverage Manitoba Harvest’s existing distribution network and experience working with cannabinoids to help expand Tilray’s U.S. footprint and to help develop hemp and CBD-infused food and wellness products.

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