Edition:
United States

Tilray Strengthens Presence In Latin America With Acquisition Of Alef Biotechnology


Tuesday, 9 Oct 2018 06:00am EDT 

Oct 9 (Reuters) - Tilray Inc ::TILRAY® STRENGTHENS PRESENCE IN LATIN AMERICA WITH ACQUISITION OF ALEF BIOTECHNOLOGY.TILRAY® STRENGTHENS PRESENCE IN LATIN AMERICA WITH ACQUISITION OF ALEF BIOTECHNOLOGY.TILRAY INC - TILRAY PURCHASED ALL OUTSTANDING EQUITY OF ALEF FOR APPROXIMATELY C$5 MILLION.TILRAY - PURCHASE WAS COMPRISED OF APPROXIMATELY C$250,000 IN CASH PAID AT CLOSING, AND C$4.8 MILLION IN TILRAY CLASS 2 COMMON STOCK.TILRAY INC - WILL RETAIN CURRENT ALEF EMPLOYEES ALAN NUDMAN AS CHIEF EXECUTIVE OFFICER, AND ARIEL NUDMAN, AS CHIEF SALES OFFICER.