Privateer-owned Tilray to acquire Natura in $70 mln deal

Tilray Inc (Nasdaq: TLRY) has agreed to acquire Natura Naturals Holdings Inc, the owner of a Leamington, Ontario-based cannabis cultivator. Tilray agreed to pay up to $70 million in cash and stock, half of which will be delivered at closing, expected within the next 30 days. As a result, Tilray, a Nanaimo, British Columbia-based cannabis researcher, cultivator, producer and distributor, will obtain Natura’s 662,000 square-foot greenhouse facility. Last year, Tilray raised about US$153 million in an initial public offering in the United States. It continues to be majority owned by U.S. cannabis private equity firm Privateer Holdings.