Tilray Can Sell And Distribute Medical Marijuana To German Pharmacies, Hospitals And More
Portfolio Pulse from Jelena Martinovic
Tilray Brands, Inc. (NASDAQ:TLRY) announced that its subsidiary Aphria RX GmbH has received a trading license in Germany, allowing it to sell and distribute medical marijuana to pharmacies, hospitals, and medical wholesalers. This follows the recent acquisition of a cannabis cultivation license under Germany's new Cannabis Act, positioning Tilray to capitalize on the growing German market.
July 29, 2024 | 2:01 pm
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Tilray Brands, Inc. (NASDAQ:TLRY) has received a trading license in Germany, allowing it to sell and distribute medical marijuana. This development, along with a recent cultivation license, positions Tilray to leverage the growing German market.
The trading license in Germany allows Tilray to expand its market reach and capitalize on the growing demand for medical marijuana in Germany. This is likely to positively impact Tilray's revenues and market position in the short term.
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