Tilray - M&A Summary and Business Overview

Healthcare ServicesCompany

Tilray M&A Summary

Tilray has acquired 5 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms.

Tilray’s largest acquisition to date was in 2019, when it acquired Fresh Hemp Foods for $318M. Tilray has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include life science (40%) and food (20%).

Tilray Business Overview

Where is Tilray headquartered?

Tilray is headquartered in Nanaimo, British Columbia.

What is Tilray’s revenue?

Tilray disclosed revenue of 628M CAD for 2022 and 513M CAD for 2021.

How many employees does Tilray have?

Tilray has 1,200 employees.

What sector is Tilray in?

Tilray is a healthcare services company.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 1
  • M&A Advisors 3

Tilray

Tilray, Inc.

98 Talbot Street West,
Nanaimo, British Columbia V9X 1J2
Canada,
(844) 427-4742
www.tilray.ca

Tilray is a medical cannabis company, involved in cultivating and delivering the medical benefits of cannabis safely and reliably. Tilray is based in Nanaimo, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 3 - 2 - - - 5
vol $322M $322M
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
Breckenridge Distillery 2021-12-08 - Add-on Acquisition
Breckenridge, Colorado · www.breckenridgedistillery.com
Aphria, Inc. 2021-05-03 - Add-on Acquisition
Leamington, Ontario · www.aphriainc.com
Fresh Hemp Foods Ltd. 2019-02-20 318M CAD Add-on Acquisition
Winnipeg, Manitoba · www.manitobaharvest.com
Natura Naturals Holdings, Inc. 2019-02-19 - Add-on Acquisition
Leamington, Ontario
Alef Biotechnology SpA 2018-10-09 4M CAD Add-on Acquisition
Santiago, Chile · www.alefbiotechnology.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 2 (40%) 4M (1%) - -
Agriculture 1 (20%) - - -
Beverages 1 (20%) - - -
Food 1 (20%) 318M (99%) - -
Total 5 $322M - -

By Geo

State/Country Buy Value Sell Value
Canada 3 318M - -
  Ontario 2 - - -
  Manitoba 1 318M - -
Chile 1 4M - -
United States 1 - - -
  Colorado 1 - - -
Domestic 3 (60%) 318M (99%) - -
Cross-border 2 (40%) 4M (1%) - -
Total 5 $322M - -

Top M&A Advisors

Financial Deals
Cowen Group, Inc.
 1
Legal Deals
Cooley LLP
 1
Blake, Cassels & Graydon LLP
 1

Deal Values

buy # Total
$100M to $1B 1 $318M
< $100M 1 $4M
TOTAL $322M
Largest Fresh Hemp Foods Ltd.
$318M (2019-02-20)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)

Company Summary

SECTOR

Healthcare Services

Revenue

628   23% 2022
513   32% 2021
391   124% 2020
175   373% 2019
37   2018
(millions of CAD) Show More Show Less

Employees

1,200

Public

NASDAQ: TLRY

Former Name

Aphria Inc.

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