CBD uncertainty in the US market prompts $112M Tilray writedown

Hemp Industry Daily
By Kristen NicholsMar 6, 2020, 4:25 pm297 pts
Canadian marijuana producer Tilray is lowering the value of its U.S. CBD assets, citing delays from health regulators. Tilray executives reported a $112 million writedown of the value of its 2019 agreement with Authentic Brands Group. The two companies planned to bring CBD products to mass retail outlets, but…

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