CAPITAL NEW YORK
Mount Sinai Health System is proposing to work with Tilray, a British Columbia medical marijuana company founded in 2013, to operate a clinical trial that would test the effectiveness of certain strains of the drug on severe forms of epilepsy.
THE GLOBE AND MAIL
Tilray announced Thursday it has teamed up with researchers at the University of British Columbia’s Okanagan campus to conduct the first clinical trial in Canada to test the impact of medicinal marijuana on PTSD sufferers.
BUSINESSWIRE
Pending regulatory approvals, the UBC-Tilray study is poised to be one of the first in the world to run a large-scale clinical trial examining medical cannabis as a treatment for a mental health disorder.
VANCOUVER SUN
A B.C. medical marijuana producer is seeking approval from Health Canada to sponsor the first study in Canada on the safety and effectiveness of cannabis for post-traumatic stress disorder (PTSD) among sexual assault victims, military veterans and first responder personnel.
THE GLOBE AND MAIL
Nanaimo-based Tilray has constructed a large, pristine operation on Vancouver Island, backed by Seattle private equity player Privateer Holdings, which has pumped considerable dollars into the U.S. tech sector over the years. The sprawling, brightly-lit facility is a testament to medical marijuana’s sanitized future, where staff wear white polyethylene suits and blue gloves when handling the plants.
WALL STREET JOURNAL
Private Equity Beat was on hand as Tilray held a ribbon-cutting ceremony April 28 to commence shipping its products. The company hopes to have the space, which is now 70% finished, completed by Sept. 1 with the expectation that it will serve about 8,000 patients.
NEW YORK TIMES
Tilray has since bought a building for $3.5 million and spent $17 million to renovate it. The company employs 65 people, with plans to increase that number to 100. “One hundred new jobs in a community of less than 100,000, that’s a big deal,” Mr. Kennedy said.
NANAIMO NEWS BULLETIN
“We’ve invested to produce cannabis on a scale unlike anything that’s currently available in Canada,” Kennedy said, adding that while other facilities he’s seen are dirty and inefficient, this one is the exact opposite. “We wanted everything to be clean.”
CBC NEWS
More than 400 people applied for about 60 positions at the Tilray plant near the Duke Point Ferry Terminal, including cultivators, security guards, and customer service, packaging, shipping and receiving representatives.
