Neptune Wellness signs 3-year extraction, purification deal with cannabis company Tilray [MarketWatch]
Tilray Brands, Inc. (TLRY)
Last tilray brands, inc. earnings: 3/2 04:05 pm
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Source: MarketWatch
Neptune Wellness signs 3-year extraction, purification deal with cannabis company Tilray Neptune Wellness Solutions Inc. NEPT, -0.25% NEPT, +0.19% announced Friday an agreement with cannabis company Tilray Inc. TLRY, +0.31% to provide extraction and purification services. Under terms of the three-year agreement, Neptune will receive a minimum volume of 125,000 kilograms of cannabis and hemp biomass to be processed, with the first year expected to represent one-fifth of total volumes. The first shipment is expected to be received in September 2019. "We are thrilled to be working with Tilray, a globally recognized leader in cannabis," said Neptune Chief Executive Jim Hamilton. "The size and length of this contract is a testament to the strength of our commercial, scientific and operations teams." Neptune's stock, which was still inactive in premarket trade, has run up 56% year to date, while Tilray shares have tumbled 49% and the ETFMG Alternative Harvest ETF MJ, -0.38% has
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TLRY
Earnings
- 10/10/24 - Beat
TLRY
Sec Filings
- 11/21/24 - Form 8-K
- 11/18/24 - Form 4
- 11/12/24 - Form 4
- TLRY's page on the SEC website