TORONTO–(BUSINESS WIRE)–In anticipation of the historic legalization of adult-use cannabis in Canada, Tilray, Inc. has announced the creation of wholly-owned subsidiary High Park Company to produce and distribute a broad-based portfolio of cannabis brands and products. The company also announced that it is making an investment of up to $10 million in a new facility located in London, Ont., to process and distribute finished cannabis products, according to a press release.
“Excitement is building for the launch of the world’s largest federally legal cannabis market and High Park will be a part of history when it happens,” said Brendan Kennedy, Tilray CEO. “We are proud that the addition of High Park will bring our total investment in Canada to more than $100 million and grow our Canadian workforce to more than 500 professionals in the next several years.”
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