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The cannabis producer Tilray is gaining ground after announcing plans to acquire cultivator Natura Naturals (TLRY)
- Tilray on Tuesday announced plans to acquire Natura Naturals, the parent company of a licensed cannabis cultivator.
- Tilray began trading on the Nasdaq in July, becoming the first cannabis company to have an initial public offering in the US.
- Since then, the company sped up developing its cannabis business.
- Watch Tilray trade live.
The Canadian marijuana-producer Tilray was ticking Tuesday, up 1%, after announcing plans to acquire Natura Naturals, the parent company of a licensed cultivator of cannabis.
Under a definitive agreement with Natura, Tilray will pay as much as 70 million