Tilray® Announces Agreement with the Ontario Cannabis Retail Corp. to Supply a Variety of Adult-Use Cannabis Brands & Products
August 20 2018 - 7:35PM
Business Wire
Brands Marley Natural, CANACA and Irisa will become available in
Ontario through the Ontario Cannabis Store starting Oct. 17th,
2018
Tilray Canada Ltd. (“Tilray”), a
wholly owned subsidiary of Tilray, Inc. (Nasdaq: TLRY) announced
today that the company has signed an agreement with the Ontario
Cannabis Retail Corporation (“OCRC”), operating as the Cannabis
Retail Store (“OCS”) to supply the province of Ontario 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
the agreement 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.
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the full release here:
https://www.businesswire.com/news/home/20180820005636/en/
“We are thrilled to partner with the OCS as a reliable supplier
for safe and secure cannabis to Ontario,” said Adine
Fabiani-Carter, Chief Marketing Officer at High Park. “Our goal is
to deliver on the high expectations that Ontarians 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.”
Brands
Tilray’s agreement with the OCS includes an initial offering of
world-class brands in Ontario that include:
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).
Irisa™, a women’s wellness
brand, offering a collection of thoughtfully crafted cannabis
products including pre-rolls, sublingual drops and massage oil.
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
Ontario through online sales starting October 17, 2018, the
anticipated date of launch for adult-use cannabis products in
Ontario.
About Tilray
Tilray is a global pioneer in cannabis research,
cultivation, processing and distribution currently serving tens of
thousands of patients in ten countries spanning five
continents.
About High Park
Based in Toronto and led by a team with deep experience in
cannabis and global consumer brands, High Park was established to
develop, sell, and distribute a broad-based portfolio of adult-use
cannabis brands and products.
This press release contains “forward-looking statements”, which
may be identified by the use of words such as, “may”, “would”,
“could”, “will”, “likely”, “expect”, “anticipate”, “believe,
“intend”, “plan”, “forecast”, “project”, “estimate”, “outlook” and
other similar expressions, including statements in respect to the
agreement between Tilray and the Ontario Cannabis
Store. Forward-looking statements are not a guarantee of
future performance and are based upon a number of estimates and
assumptions of management in light of management’s experience and
perception of trends, current conditions and expected developments,
as well as other factors that management believes to be relevant
and reasonable in the circumstances, including assumptions in
respect of current and future market conditions, the current and
future regulatory environment and future approvals and
permits. Actual results, performance or achievement could
differ materially from that expressed in, or implied by, any
forward-looking statements in this press release, and, accordingly,
you should not place undue reliance on any such forward-looking
statements and they are not guarantees of future results.
Forward-looking statements involve significant risks, assumptions,
uncertainties and other factors that may cause actual future
results or anticipated events to differ materially from those
expressed or implied in any forward-looking statements. Tilray does
not undertake to update any forward-looking statements that are
included herein, except in accordance with applicable securities
laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180820005636/en/
High Park Media:Berrin Noorata,
+1-917-208-1639Berrin.Noorata@HighParkCompany.comorTilray
Media:Chrissy Roebuck,
+1-416-560-5712chrissy.roebuck@tilray.comorTilray Investors:Katie
Turner, +1-646-277-1228Katie.turner@icrinc.com
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