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Tilray, U.S. brand group partner on cannabis-infused retail products

January 15, 2019 11:00 AM
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Tilray says it will receive up to 49 per cent of the net revenue from these products bearing names from ABG’s portfolio of more than 50 brands, with a guaranteed minimum payment of up to US$10 million annually for 10 years.

Under the deal, Tilray would be the preferred supplier of active cannabinoid ingredients, such as CBD and THC, for ABG’s cannabis products.

Its chief executive, Brendan Kennedy, says potential products include Nine West CBD foot cream or CBD-infused muscle wraps under the tennis brand Prince, but the brands to be used in the initial rollout are not yet set.

Source: thestar.com

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