Tilray® Selected by Prince Edward Island Cannabis Management Corporation to Supply Adult-Use Cannabis
Products will be available on Prince Edward Island starting Oct. 17, 2018
TORONTO, ONT. – Tilray Canada Ltd. (“Tilray”), a wholly owned subsidiary of Tilray, Inc. (Nasdaq: TLRY), announced today that it has received a purchase order from the Prince Edward Island Cannabis Management Corporation (“PEICMC”) for adult-use cannabis. The purchase order will allow Tilray to supply the province of Prince Edward Island’s four cannabis stores and online channels with cannabis products in anticipation of the launch of the adult-use market on October 17, 2018. Tilray intends to fulfill PEICMC purchase orders through its affiliate High Park Holdings Ltd., DBA High Park Company™ (“High Park”), which was formed to produce and distribute a broad-based portfolio of adult-use cannabis brands and products.
“We’re thrilled High Park will have the opportunity to expand our national reach and grow our retail network by supplying Prince Edward Island’s four cannabis stores with a safe, secure and reliable source of adult-use cannabis products,” said Adine Fabiani-Carter, Chief Marketing Officer at High Park. “Our intention is to deliver on the expectations the people of P.E.I. have of us by cultivating and distributing a selection of products that will lead the market in quality, excellence and craftsmanship.”
The High Park portfolio is uniquely crafted and grown by master horticulturists dedicated to sustainable growing practices. Select products will be made available on Prince Edward Island through retail stores starting October 17, 2018, the anticipated date of launch for adult-use cannabis products on Prince Edward Island.
Tilray is a global pioneer in cannabis research, cultivation, processing and distribution currently serving tens of thousands of patients in eleven countries spanning five continents.
About High Park
Based in Toronto and led by a team with deep experience in cannabis and global consumer brands, High Park was established to develop, sell, and distribute a broad-based portfolio of adult-use cannabis brands and products.