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

Published February 8, 2018 | By Matt Lamers

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 […]

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

Published January 19, 2018 | By Matt Lamers

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 […]

Tilray exports medical cannabis to New Zealand for national dispersal

Published October 2, 2017

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 […]

Canada’s Tilray to spend $24M to build marijuana facility in Portugal

Published September 7, 2017 | By Matt Lamers

Tilray plans to spend 20 million euros ($24 million) to build a medical marijuana production facility in Portugal to serve the European Union, becoming the second Canadian licensed producer to unveil plans to build an overseas cultivation operation for exporting MMJ.

Canada needs to expand recreational marijuana products: Q&A with Tilray CEO Brendan Kennedy

Published August 31, 2017

By Matt Lamers The CEO of one of Canada’s fast-growing marijuana companies has a piece of advice for the federal government: Permit a wider variety of products beyond buds and oils when the recreational market launches next year.

Tilray to invest CA$30 million to create one of Canada’s largest cannabis facilities

Published August 17, 2017

By Matt Lamers Canadian medical marijuana producer Tilray will invest 30 million Canadian dollars ($24 million) to convert an Ontario pepper farm into one of the nation’s largest MJ production facilities. The project’s initial phase will give Tilray a fivefold increase in production capacity to over 40,000 kilograms a year by the end of 2018.

Canadian producer Tilray expands its cannabis export market

Published May 10, 2017

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 […]

Tilray to export medical cannabis to New Zealand

Published February 15, 2017

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 […]

Tilray to begin exporting MMJ from Canada to Chile

Published February 2, 2017

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 […]

Canadian Cultivator Tilray to Lay Off 61 Employees

Published June 26, 2015

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 […]

Canada’s ‘croptober’ surge pushes cannabis inventory over 1 million kilograms

Published January 20, 2021 | By Matt Lamers

Canadian licensed producers added a record 220,461 kilograms of marijuana to their inventories in October 2020, according to new data offering a statistical glimpse of the country’s first large-scale “croptober” – when most of the fall outdoor harvest comes in. The 220,461 kilograms (221 metric tons) of new cannabis is about 50% more than the […]

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

Published January 14, 2021 | By Solomon Israel

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 […]