[$$] Compass Sells Hemp-Food Company to Canada's Tilray in $320 Million Deal

The Wall Street Journal - finance.yahoo.com Posted 5 years ago

Compass and minority investors in Manitoba will receive C$150 million in cash and C$127.5 million in Tilray stock when the transaction closes, which is expected within 30 days, according to a news release. Tilray will pay C$49 million in additional stock if Manitoba achieves certain performance targets in 2019. Based in Winnipeg, Manitoba, Manitoba Harvest Hemp sells hemp-food products such as snacks, protein blends and oil.

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