Tilray (TLRY) just announced the largest M&A deal in the company's history by acquiring Manitoba Harvest for C$419 million including certain earn-outs. The deal marks Tilray's first foray into the hemp industry but we think there are important nuances that investors need to understand in order to assess this deal holistically. Overall, we think this transaction provided Tilray with a mature platform to gain a foothold in the burgeoning hemp industry.
Who's Manitoba Harvest?
Manitoba Harvest is a Winnipeg-based hemp food company that claims to be the largest vertically-integrated hemp food producer in