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July 7, 2021, 8:29 a.m. EDT

Tilray completes first harvest of medical cannabis for distribution at German pharmacies

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By Tomi Kilgore

Tilray Inc. /zigman2/quotes/209129655/composite TLRY +1.33% said its Germany-based subsidiary Aphria RX GmbH has completed the first successful harvest of medical cannabis, which was cultivated in Germany, for distribution to pharmacies. Tilray's stock rose 0.4% in premarket trading. The Canada-based cannabis company said the harvest if the first cultivated at its indoor growing facility in Neumunster, Germany. The distribution was carried about by a distributor on behalf of the German Cannabis Agency. "Our harvest in Germany represents an important milestone in granting access to high-quality and trustworthy medical cannabis to patients and healthcare professionals in Germany," said Tilray's Chief Strategy Officer Denise Faltischek. Shares of Tilray, which is the world's largest cannabis company by revenue following the recent completion of its merger with Aphria, have soared 102.4% year to date through Tuesday, while the Cannabis ETF /zigman2/quotes/213173823/composite THCX -0.37% has rallied 33.1% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.91% has gained 15.6%.

/zigman2/quotes/209129655/composite
US : U.S.: Nasdaq
$ 12.17
+0.16 +1.33%
Volume: 13.64M
Sept. 17, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.47 billion
Rev. per Employee
$244,326
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/zigman2/quotes/213173823/composite
US : U.S.: NYSE Arca
$ 13.57
-0.05 -0.37%
Volume: 30,371
Sept. 17, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,432.99
-40.76 -0.91%
Volume: 3.79B
Sept. 17, 2021 5:25p
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