Tilray raises CA$60M to sharply boost global cannabis production

Tilray said it raised 60 million Canadian dollars ($47 million) in financing that will allow the licensed producer to ramp up marijuana production capacity nearly fivefold this year to meet demand in Europe and Canada’s rapidly expanding medical cannabis markets. The additional money puts Tilray in a position to increase annual capacity in Canada and Portugal […] Tilray raises CA$60M to sharply boost global cannabis production is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs