Tilray to Buy Natura for Up to $70M

Tilray Inc. has inked a deal to buy Natura Naturals Holdings Inc. for up to $70 million, a move which roughly doubles the licensed cannabis producer’s domestic cultivation capacity.

Under the agreement announced Tuesday, the Nanaimo, B.C.-based company will acquire Natura’s 61,500-square-metre greenhouse cultivation facility, of which 14,400 square metres is licensed.