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Tilray raises CA$60M to sharply boost global cannabis production

Tilray said it raised 60 million Canadian dollars ($47 million) in financing that will allow the licensed producer to ramp up marijuana production capacity nearly fivefold this year to meet demand in Europe and Canada’s rapidly expanding medical cannabis markets. The additional money puts Tilray in a position to increase annual capacity in Canada and Portugal […]

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Tilray signs medical cannabis supply deal with Canada’s Shoppers Drug Mart

The largest pharmacy chain in Canada locked up another major supplier of medical marijuana, as drugstore chains across the country look to secure supply from a limited number of producers. Shoppers Drug Mart will carry Tilray-branded medical cannabis products for sale nationwide through its online store, including whole flower, oil and capsules. The products will […]

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Tilray exports medical cannabis to New Zealand for national dispersal

Tilray has started supplying medical marijuana to the New Zealand market for nationwide distribution, filling the nation’s cannabis supply shortfall two weeks after its government lifted restrictions on cannabidiol. British Columbia-based Tilray’s medical marijuana will be available in pharmacies across New Zealand, the company said in a news release. The Ministry of Health’s liberalized rules on cannabidiol went […]

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Canadian producer Tilray expands its cannabis export market

Tilray, a major licensed Canadian medical marijuana producer, expanded its international reach with recent MMJ exports to Cyprus and Chile. Tilray, which is owned by Seattle-based Privateer, said its shipment to Cyprus consisted of Tilray drops, a medical cannabis extract product. Tilray’s agreement with Chile calls for its MMJ products to initially be sold through pharmacies in […]

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Tilray to export medical cannabis to New Zealand 

Tilray, a federally licensed cultivation company based in Nainamo, Canada, will begin exporting medical cannabis to New Zealand before the end of February. It’s the latest overseas deal for Tilray, which is owned by Seattle-based private equity firm Privateer Holdings. Both the Canadian and New Zealand governments have approved the MMJ exports, Tilray announced in […]

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Tilray to begin exporting MMJ from Canada to Chile

One of Canada’s 38 licensed medical cannabis producers said it will begin exporting MMJ products to Chile starting this month. Tilray, a subsidiary of Seattle-based Privateer Holdings, is teaming up with Alef Biotechnology SpA on the export deal, according to a news release. Based in Nanaimo, British Columbia, Tilray estimates the potential MMJ patient base in […]

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Canadian Cultivator Tilray to Lay Off 61 Employees

Canadian medical marijuana producer and distributor Tilray said it will lay off 61 employees as the company changes up its operating model. The move comes about a year after Tilary opened its cultivation facility in the town of Nanaimo and a day after two of its competitors announced they are merging to create a powerhouse […]

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Cannabis firm Aphria grows Q2 revenue, reports CA$120.6M net loss

Canadian cannabis company Aphria on Thursday reported increased quarterly revenue for the quarter ended Nov. 30, with a net loss of 120.6 million Canadian dollars ($95.3 million). The Ontario-based firm posted net revenue of CA$160.5 million, a 10% increase over the previous quarter. Net cannabis revenue comprised CA$67.9 million of Aphria’s net quarterly income, compared […]

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