to develop and distribute medical cannabis products globally gives Novartis “some tremendous potential depending on the [industry’s] continued growth,” says Mr. Ahrens.
The exclusive deal is key for Tilray because it’s a new and smaller company, while Novartis can offer the distribution muscle from being a profitable multinational with a diversified portfolio of medicines, he adds. The Louisville, Ky.-based company’s offerings include moist snuff, loose-leaf chewing tobacco, cigar tobacco and cigars. “It also happens to own Zig Zag rolling papers, which is obviously very cannabis-related,” he adds.
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