CALGARY — Canadian cannabis producer Tilray says it will invest 20 million euros (about C$29.5 million) in a medical cannabis operation in Portugal after winning federal licences there to import cannabis seeds and clones and cultivate them. It says it plans to establish a campus at Cantanhede, about 220 kilometres north of Lisbon, that will grow, process and package medical cannabis products for distribution across the European Union. “And Portugal seemed like the ideal location to grow plants.”Kennedy said Tilray is the first company — foreign or domestic — to win a licence to grow cannabis containing the active ingredient THC in Portugal. The Portugal operation would be its first outside of Canada. Tilray is owned by Privateer Holdings, a Seattle, Wash.-based private equity firm.

Source: National Post September 07, 2017 07:07 UTC