Products will be available on Prince Edward Island starting Oct. 17,
2018
TORONTO--(BUSINESS WIRE)--Sep. 6, 2018--
Tilray
Canada Ltd. (“Tilray”), a wholly owned subsidiary of Tilray,
Inc. (Nasdaq: TLRY), announced today that it has received a purchase
order from the Prince Edward Island Cannabis Management Corporation
(“PEICMC”) for adult-use cannabis. The purchase order will allow Tilray
to supply the province of Prince Edward Island’s four cannabis stores
and online channels with cannabis products in anticipation of the launch
of the adult-use market on October 17, 2018. Tilray intends to fulfill
PEICMC purchase orders 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.
“We’re thrilled High Park will have the opportunity to expand our
national reach and grow our retail network by supplying Prince Edward
Island’s four cannabis stores with a safe, secure and reliable source of
adult-use cannabis products,” said Adine Fabiani-Carter, Chief Marketing
Officer at High Park. “Our intention is to deliver on the expectations
the people of P.E.I. have of us by cultivating and distributing a
selection of products that will lead the market in quality, excellence
and craftsmanship.”
The High Park portfolio is uniquely crafted and grown by master
horticulturists dedicated to sustainable growing practices. Select
products will be made available on Prince Edward Island through retail
stores starting October 17, 2018, the anticipated date of launch for
adult-use cannabis products on Prince Edward Island.
About Tilray
Tilray is
a global pioneer in cannabis research, cultivation, processing and
distribution currently serving tens of thousands of patients in eleven
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” within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995 and
“forward-looking information” within the meaning of Canadian securities
laws, or collectively, forward-looking statements. Forward-looking
statements in this press release 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 PEICMC and
Tilray’s intentions to cultivate and produce a selection of cannabis
brands. 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, including the risks discussed
under the caption “Risk Factors” in Tilray, Inc.’s Quarterly Report on
Form 10-Q for the three and six months ended June 30, 2018 (a copy of
which may be obtained at www.sec.gov
and www.sedar.com),
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 and specifically declines any obligation 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/20180906005085/en/
Source: Tilray Canada Ltd.
High Park Media:
Berrin Noorata, +1-917-208-1639
Berrin.Noorata@HighParkCompany.com
or
Tilray
Media:
Chrissy Roebuck,+1-416-560-5712
chrissy.roebuck@tilray.com
or
Tilray
Investors:
Katie Turner, +1-646-277-1228
Katie.turner@icrinc.com
