Tilray Makes Another Key Acquisition in the U.S.
Cannabis producer Tilray (NASDAQ: TLRY) is among many Canadian businesses jockeying for position in the U.S. pot market, even though it isn't open just yet. One of the ways it can penetrate the market is through beverage companies that aren't currently selling cannabis-related products but could be leveraged to help enter the lucrative cannabis beverage market in the future. Plus, it gives the business a way to diversify its operations outside of marijuana.
And that's what Tilray has done with yet another acquisition in the U.S. But will all this wheeling and dealing pay off, or could it lead to more challenges ahead for the business?
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Source Fool.com
