Saturday, May 31, 2025

Latest

Tilray to Enter Cannabis Retail Space

Tilray Inc (NASDAQ: TLRY) announced this morning that it will be entering the cannabis retail space, via an acquisition of 420 Investments. The all stock transaction is valued at approximately C$110 million.

Operating under the FOUR20 brand, 420 Investments currently operates six licensed retail locations across Alberta, with licenses to open 16 more locations across the province. Upon closing, Tilray intends to expand the retail operation to other provinces where permitted.

Under the signed definitive agreement, the retailer will be acquired through a subsidiary of High Park Holdings Ltd, Tilray’s Canadian cultivation subsidiary. While the total purchase price is $110 million, $70 million will be via Class 2 common shares of Tilray, with the remaining $40 million to be issued in Class 2 shares upon certain milestones being met.

Tilray did not provide an anticipated closing date for the transaction, instead indicating that the offer needs to be approved by 420 Investment shareholders.


Information for this briefing was found via Sedar and Tilray. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Illustrated: Cannabis Earnings Week for the Third Quarter of 2019

This past week, as many are aware, was the week of cannabis earnings season. The...

Saturday, November 16, 2019, 08:00:23 AM

Tilray Selected To Supply Medical Cannabis For French Experimental Program

Tilray Inc (NASDAQ: TLRY) has expanded its international operations to now include France. The company...

Tuesday, January 26, 2021, 07:55:19 AM

Molson Coors Exits Cannabis Business With Divesture Of Truss Beverage Co To Tilray Brands

It appears that Molson Coors (NYSE: TAP) no longer wishes to be associated with cannabis...

Friday, August 18, 2023, 08:38:30 AM

Tilray: Canaccord Reiterates US$12 Price Target After Distillery Purchase

On December 8th, Tilray (TSX: TLRY) announced the acquisition of Breckenridge Distillery, a whiskey and...

Friday, December 10, 2021, 03:39:00 PM

Cannabis Executives Complain Over Lack of Tax Reform in Canadian Budget… While Making Bank

Top executives from leading cannabis companies in Canada have voiced their dissatisfaction with the absence...

Thursday, April 18, 2024, 11:17:16 AM