Tilray will invest €20 million in a European Union Campus to cultivate, process, package, and distribute medical cannabis to patients, pharmacies, and researchers throughout the Europe.
Tilray's two facilities will generate a combined production capacity of up to 51 metric tonnes per year, which will position Tilray to respond to significant projected growth in demand for its medical cannabis products.
Tilray partners with the Research Institute of the McGill University Health Centre to study the efficacy of medical cannabis in patients with chronic obstructive pulmonary disease (COPD).
Tilray products have arrived and are cleared for distribution in Cyprus, a European Union member state. In 2016, Tilray became the first company to export medical cannabis products from North America to the European Union.
“We are proud to be able to offer Australian patients in need access to high quality, pharmaceutical-grade medical cannabis products in accordance with quality standards mandated by the Australian government,” said Brendan Kennedy, Tilray President.
According to the government of Victoria, 29 critically ill children will become the first patients in the Australian state to legally access medical cannabis when the Tilray products are distributed.
Tilray will supply Middlemore Hospital in Auckland with precisely formulated medical cannabis oil containing tetrahydrocannabinol (THC) and cannabidiol (CBD).
Tilray, a global leader in medical cannabis research and production, today announced that it has received necessary regulatory approvals in Canada and Chile to export medical cannabis for distribution to Chilean patients.
As North America’s only GMP certified medical cannabis producer, Tilray is uniquely positioned to expand distribution of its pharmaceutical-grade medical cannabis products.