Tilray® Signs Letter of Intent for Hemp-Derived CBD from the U.S. and Canada
Company to utilize CBD isolate for distribution of wellness and
medical products across
The LOI outlines that LiveWell will supply
Regulations in
The Farm Bill in the U.S. presents an opportunity to enter the
hemp-derived CBD industry and capitalize on an estimated
“Today’s announcement puts
As outlined in the terms of the LOI, LiveWell will ensure the
hemp-derived CBD isolate supplied to
About Tilray®
Tilray is a global pioneer in the research,
cultivation, production and distribution of cannabis and cannabinoids
currently serving tens of thousands of patients in twelve countries
spanning five continents.
About LiveWell
LiveWell is an innovative Canadian hemp and
cannabis company focused on advanced research on CBD and other
cannabinoids, as well as developing, marketing and distributing consumer
health and wellness products.
Cautionary Note regarding Forward-looking Statements
This press release contains “forward-looking statements”, which 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 related to the LiveWell LOI as well as
the potential of the United States CBD market. 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. 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,
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. Please see the
heading “Risk Factors” in Tilray’s Quarterly Report on Form 10-Q for the
quarter ended
View source version on businesswire.com: https://www.businesswire.com/news/home/20181217005213/en/
Source:
Media: +1-833-206-8161, news@tilray.com
Investors: Katie Turner, +1-646-277-1228, Katie.turner@icrinc.com