{"id":6027,"date":"2019-02-21T10:39:03","date_gmt":"2019-02-21T10:39:03","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=6027"},"modified":"2019-09-06T17:09:04","modified_gmt":"2019-09-06T16:09:04","slug":"tilray-manitoba-harvest","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/02\/tilray-manitoba-harvest\/","title":{"rendered":"Tilray Make More Cheerful The Manitoba Harvest"},"content":{"rendered":"

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\"Tilray<\/p>\n

Tilray makes the richest deal in an effort to jump into U.S. CBD market.<\/span> Tilray buys hemp-food maker Manitoba Harvest for $419M.<\/span><\/p>\n

Tilray is acquiring the parent company of hemp-food maker Manitoba Harvest for up to $419 million in a cash-and-stock agreement. Cannabis producer<\/a> from the Nanaimo quickens its entry into the North American CBD market. This deal will give Tilray ownership of a high-profile brand and one of the biggest hemp-food makers in the world. It also gives Tilray access to Manitoba Harvest\u2019s retail network of 16,000 stores across the U.S. and Canada that includes Costco, Amazon, and Wal-Mart.<\/span><\/p>\n

Investors like this Tilray’s arrangement, with shares of the marijuana producer jumping close to 5% in intraday trading. But Tilray’s acquisition of Manitoba Harvest should encourage more than a temporary gain.<\/span><\/p>\n

\"Tilray
\nWith its new deal, Tilray appears to beat its biggest rivals, Aurora Cannabis (NYSE: ACB) and Canopy Growth (NYSE: CGC). It looks Tilray manage to stake its claim in a potentially huge market.<\/span><\/p>\n

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