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Press Release

Tilray® Exports Medical Cannabis Genetics to the European Union

Tilray
Posted on: 08 Nov 17

Tilray, a GMP-certified global leader in medical cannabis research and production, today announced that the company has successfully exported live medical cannabis genetics from its flagship British Columbia, Canada facility to its European Union Campus in Cantanhede, Portugal. The announcement is the first time a company has legally exported live cannabis genetics from North America to Europe and marks another strategic milestone as Tilray develops its EU Campus into the region’s leading medical cannabis research and production facility.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171107006853/en/

BIOCANT Research Park in Cantanhede, Portugal is the site of Tilray's European Union Campus. (Photo: Business Wire)

“Tilray is proud to bring our medical cannabis research and production expertise to the European Union to better serve patients, health care providers, and researchers throughout the continent,” said Brendan Kennedy, Tilray CEO. “Bringing live plants to Portugal is another important milestone for our company and our industry.”

In September, Tilray announced plans to invest up to €20 million in a European Union Campus (EU Campus) after receiving licenses to import genetics and cultivate medical cannabis from the Government of Portugal. To establish the EU Campus, Tilray is investing in multiple facilities located in and around the BIOCANT Research Park in Cantanhede. The EU Campus will include indoor and greenhouse cultivation sites, as well as facilities to process, package, and distribute medical cannabis and cannabinoid-derived medical products. As a part of the BIOCANT biotechnology and life sciences research park, the EU Campus will serve as a hub supporting Tilray’s clinical research and product development efforts across Europe.

Phase one of the project, which is expected to be complete in the first half of 2018, includes an indoor laboratory and genetics bank (completed), a 10,000 m2 greenhouse (under construction), and a 3,000 m2 processing facility (under construction). Subsequent phases, which are expected to be completed by 2020, will add 15,000 m2 of greenhouse cultivation space and another 3,000 m2 for processing. Over the next three years, the project is expected to create 100 direct jobs, including highly skilled positions.

Tilray is investing aggressively to expand its operations in the European Union in response to considerable unmet need for high-quality medical cannabis. In October, Tilray achieved two other strategic milestones in the EU by becoming the first medical cannabis licensed producer to import full-spectrum medical cannabis extract products into Germany for nationwide distribution through pharmacies and the first licensed medical cannabis producer to sign an agreement with an established pharmaceutical wholesaler (NOWEDA). As the first full-spectrum extracts available in Germany, Tilray’s products are an important addition to Germany’s pharmaceutical market for medical cannabis products. Tilray products are also currently available in the EU member states of Croatia and Cyprus. In the coming months, the company plans to announce additional EU exports and research partnerships.

About Tilray®

Tilray is a global pioneer in the research and production of medical cannabis and cannabinoids. Tilray currently serves tens of thousands of patients, physicians, pharmacies, governments, hospitals, and researchers in seven countries spanning four continents through its affiliated entities in Australia and New Zealand (Tilray Australia New Zealand Pty Ltd), Canada (Tilray Canada Ltd), Germany (Tilray Deutschland GmbH), and Portugal (Tilray Portugal Unipessoal Lda).

View source version on businesswire.com: http://www.businesswire.com/news/home/20171107006853/en/

Business Wire
www.businesswire.com

Last updated on: 08/11/2017

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