Why Tilray Is Soaring Today


 
 
10:04 08/27/2018

Tilray, Inc. TLRY  announced today that it has been selected by the Nova Scotia Liquor Corporation (“NSLC”) to receive an initial purchase order for adult-use cannabis. The purchase order would allow Tilray, one of fourteen cannabis producers selected by NSLC, to supply the province of Nova Scotia with a diverse array of cannabis products in anticipation of the launch of the adult-use market on October 17, 2018. Tilray intends to fulfill NSLC purchase orders through its affiliate High Park Holdings Ltd., DBA High Park Company™ (“High Park”), which was formed to produce and distribute a broad-based portfolio of adult-use cannabis brands and products.

“We’re thrilled High Park will have the opportunity to supply the province of Nova Scotia with a safe, secure and reliable source of adult-use cannabis products,” said Adine Fabiani-Carter, Chief Marketing Officer at High Park. “Our intention is to deliver on the high expectations Nova Scotians have of us by cultivating and distributing a portfolio of world-class adult-use brands and products that will lead the market in quality, excellence and craftsmanship.”

NSLC’s initial purchase order from Tilray includes a selection of world-class brands:

Marley Natural®, crafted with deep respect for wellness and the positive potential of the herb, Marley Natural offers four categories of cannabis whole-flower and pre-rolls; Marley Green (hybrid), Marley Gold (sativa), Marley Red (high-CBD) and Marley Black (indica).



CANACA™, offers the best of Canadian bud in a variety of celebrated cannabis strains available in whole-flower and pre-rolls.

Each brand in the portfolio is uniquely crafted and grown by master horticulturists dedicated to sustainable growing practices, and each of these brands are expected to be made available in Nova Scotia through retail sales starting October 17, 2018, the anticipated date of launch for adult-use cannabis products in Nova Scotia.


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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