Tilray, Inc.’s (NASDAQ: TLRY) Status as Global Pioneer in Cannabis Production, Distribution Reinforced by Earnings, Growth

September 21, 2018 12:29:30
  • First medical cannabis producer in North America to meet rigorous standards of GMP certification, supplying cannabis flower and extracts
  • Canadian federally-licensed cannabis cultivator, processor and distributor
  • Q2 2018 revenue increased to $9.7 million, up 95.2 percent over second quarter of 2017
  • Multinational distribution network makes Tilray medical cannabis available to patients in 11 countries on five continents
  • Raised $163.6 million in a successful IPO in July 2018 and $55 million from leading institutional investors prior to IPO
  • Agreements signed to supply medical cannabis via Canadian pharmacies and recreational cannabis to adult-use consumers in seven Canadian provinces and territories
  • Received U.S. government approval to import cannabinoid study drug to UC San Diego for clinical trial for treatment of essential tremor, a neurological disorder

Tilray, Inc. (NASDAQ: TLRY), a global pioneer in cannabis research, cultivation, production and distribution, continues to build an international footprint in the cannabis space with a long list of “firsts” in the cannabis industry. As one of only a few cannabis companies with a U.S. stock listing, Tilray’s stock has been a favorite of investors, soaring more than 10-fold since its initial public offering in July. Tilray’s diverse management team of industry leading experts includes PhD research scientists, master horticulturalists, engineers and patient advocates, in addition to backing by billionaire investor Peter Thiel.

Tilray’s aggressive pursuit of agreements to supply premium cannabis products to not only the Canadian market, which is poised to become the first G7 country to legalize recreational cannabis nationwide in…

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