Tilray (NASDAQ: TLRY) has held a ribbon-cutting ceremony for the launch of a campus in the European Union (EU).
Located in Cantanhede, Portugal, the facility just completed a successful indoor harvest that was celebrated with a tour featuring local government officials and Canadian healthcare professionals.
The $20 million campus features research rooms, outdoor and indoor grow space, and cultivation and packaging areas for distributing medical marijuana.
Tilray’s Chief Executive Order Brendan Kennedy commented on the ribbon-cutting ceremony and facility tour:
Last month, Tilray announced plans to double the workforce at the Portugal campus by bumping up to 100 employees to staff the 250,000 sq. ft. facility. That milestone has now been hit, with the company reporting triple digits for current hiring numbers.
In addition to the facility in Cantanhede, Tilray has focused on international expansion by forming an advisory board with political figures from Portugal, America, Germany, and Australia. That board is currently advising the company on expanding into countries where cannabis harvesting was just legalized, such as Germany, and where it is expected to be legalized federally in the coming years, such as the U.S.
Source: https://grizzle.com/tilray-tlry-portugal-campus-ceremony/
