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Tilray Inc to buy Manitoba Harvest

Canadian pharmaceutical company Tilray Inc. has acquired Manitoba Harvest for C$419 million($317.71 million), PE Hub reported. The seller is Compass Diversified Holdings. Jefferies LLC was financial adviser to Compass Diversified Holdings on the transaction while Stikeman Elliott LLP acted as legal counsel. Tilray is a portfolio company of Seattle-based private equity firm, Privateer Holdings. Winnipeg-based Manitoba Harvest is a provider of branded, hemp-based foods.


Mergers and Acquisitions,M&A,M&A deals