That Was Indecently Quick! Tilray Strikes A Deal With Luxembourg

CANNANNEW REPORT

Here’s the press release one could almost suggest (not that we would)  that this press release might have had something to do with Luxembourg’s announcement only on Friday of last week. It does worry us when cannabis companies make announcements in the same way that you might hear that a multinational oil or energy company might announce how they are providing some useful service to a small country in Africa or Asia. Let’s hope somebody in Brussels is keeping an eye on this sort of thing. Tilray Expands Medical Cannabis Footprint in Europe — Earns Status as Trusted Supplier of GMP-Certified Medical Cannabis to Luxembourg Ministry of Health — — Tilray Branded Medical Cannabis Now Available in 20 Countries Around the World — October 26, 2021 07:30 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Tilray, Inc. (“Tilray”) (NASDAQ | TSX: TLRY), a global pioneer in medical cannabis research, cultivation, production, and distribution, today announced it has been selected by the Luxembourg Ministry of Health as a supplier of Good Manufacturing Practice (GMP) certified medical cannabis products for the country’s medical cannabis program. Following this selection, Tilray will supply a variety of its pharmaceutical-grade medical cannabis products, including extracts and dried flower with different degrees of THC and CBD for patients with varying medical conditions. These prescription-based medical cannabis products will be administered to qualifying patients in Luxembourg under the supervision of physicians. Irwin D. Simon, Chairman and Chief Executive Officer, stated, “We believe that Tilray’s growth potential in the European Union represents a $1 billion opportunity, and today’s announcement affirms that we are turning potential into performance. With today’s validation from the Luxembourg Ministry of Health, Tilray now offers branded medical cannabis in 20 countries around the world — a testament to our high standards and status as a trusted partner…

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