Tilray Scoops Up Hemp-Food Maker Manitoba Harvest

M. Corey Goldman - finance.yahoo.com Posted 5 years ago

announced Wednesday that it was acquiring FHF Holdings Ltd., the parent company of hemp-food maker Manitoba Harvest, from a U.S. private-equity firm for up to C$419 million ($315 million) in cash and stock. The deal, first reported by Bloomberg News on Tuesday, arms Tilray with another high-profile brand name in the marijuana production world, and one of the biggest hemp-food producers globally, particularly in the rapidly expanding U.S. cannabidiol, or CBD, market. "Tilray's acquisition of Manitoba Harvest is a milestone for the cannabis industry.

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