The company, which completed the deal on Monday, will have a market value in excess of $8 billion, making it a giant in the fast-growing cannabis industry.
Simon, the founder and former CEO of tea and packaged-food company Hain Celestial, has the background to lead Tilray’s charge deeper into the consumer world.
In Canada, where we already have a 17% to 18% market share, my objective is to get to a 30% share of the overall adult use market, and that’s going to be by selling adult use, medical products and cannabis 2.0 products, which are drinks and edibles.
We’ll look to do an acquisition in consumer packaged goods world that will help us parlay into recreational cannabis.
We think there are some big areas with CBD and CPG, like drinks.
The only thing I wouldn’t mix cannabis with is alcohol or tobacco.
I think cannabis should be regulated similarly to alcohol on the recreational side, and with regards to the medical side, it should be a pharmaceutical product, with prescriptions from your doctor.
We’re already expanding our medical cannabis into Spain, the U.K., France and are planning expansions into Israel and Poland.
I think companies like that will want to partner with someone like us, with great quality assurance, and great understanding of branding and products.