Privateer-owned Tilray buys Chile's Alef Biotechnology

Tilray Inc (Nasdaq: TLRY), a Nanaimo, British Columbia-based cannabis research and production company, has acquired Alef Biotechnology SpA, Tilray's Chilean import and distribution partner. Alef's outstanding equity was purchased for about $5 million in cash and stock. Tilray said the deal creates a hub to distribute its products throughout Latin America. In July, Tilray raised about US$153 million in an initial public offering. It continues to be majority owned by U.S. cannabis private equity firm Privateer Holdings.

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