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Tilray & Sandoz partner up

Marijuana company Tilray Canada Ltd. has signed a new agreement to collaborate with Sandoz AG, part of the Novartis pharmaceutical group.

The companies say they will work together to increase the availability of high quality medical cannabis products across the world.

They say it's an evolution of an existing alliance between Tilray and Sandoz Canada. Financial terms weren't disclosed.

Under the new agreement, Sandoz may support Tilray's commercialization of non-smokable and non-combustible medical cannabis products and work together on developing new products.

They may also partner to educate pharmacists and physicians about medical cannabis products.

Tilray Canada is a subsidiary of Tilray Inc., which is which is listed on the Nasdaq stock market and has operations in Australia, New Zealand, Germany, Latin America, Portugal and Canada.



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