Tilray (NASDAQ: TLRY) has held a ribbon-cutting ceremony for the launch of a campus in the European Union (EU).
Situated in Cantanhede, Portugal, the facility just completed a effective indoor harvest that was celebrated with a tour featuring neighborhood government officials and Canadian healthcare specialists.
The $20 million campus characteristics analysis rooms, outside and indoor develop space, and cultivation and packaging locations for distributing healthcare marijuana.
Tilray’s Chief Executive Order Brendan Kennedy commented on the ribbon-cutting ceremony and facility tour:
We’re thrilled to celebrate a further milestone as we expand our international presence and pioneer the future of the cannabis business. We are grateful for the warm welcome we’ve received from the city of Cantanhede. We’re hunting forward to utilizing Tilray’s EU campus to serve healthcare cannabis markets with higher-high-quality, pharmaceutical-grade goods.
Final month, Tilray announced plans to double the workforce at the Portugal campus by bumping up to 100 personnel to employees the 250,000 sq. ft. facility. That milestone has now been hit, with the firm reporting triple digits for existing 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 at present advising the firm on expanding into nations exactly where cannabis harvesting was just legalized, such as Germany, and exactly where it is anticipated to be legalized federally in the coming years, such as the U.S.