Most recently, Canada’s second-largest cannabis producer, Tilray, Inc. (NASDAQ: TLRY), last month furthered its growth strategy by acquiring Manitoba Harvest, the world’s largest hemp foods manufacturer. It bought the Winnipeg, Canada-based company from Compass Group Diversified Holdings (NYSE: CODI) and other shareholders of Manitoba Harvest, for CAD $419 million (USD $317 million) in cash and Tilray stock, plus up to an additional CAD $49 million (USD $37 million) in Tilray shares after Manitoba Harvest hits certain 2019 benchmark incentives. The Manitoba Harvest deal piggybacks on a December 2018 partnership entered into between Tilray and Anheuser-Bush InBev(NYSE: BUD), the world’s largest brewer, to research cannabis-infused beverages through a $100 million joint venture.

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