Tilray inks first deal to buy adult-use cannabis retailer in Canada for CA$110 million

One of FOUR20's six locations in Alberta. Tilray plans to buy the company for CA$110 million in stock. Canadian cannabis producer Tilray is expanding into Alberta's competitive recreational marijuana market with the planned acquisition of retailer Four20 for 110 million Canadian dollars ($82 million). It is Tilray's first agreement to acquire a cannabis retailer in Canada outright after taking small positions in Spiritleaf and Westleaf. Four20 has six of Alberta's 277 adult-use cannabis locat...