Tilray Expands Retail Footprint by Buying Calgary Pot Shop Operator for $110 Million

Will use Four20’s expertise to help expand in other provinces. Tilray Inc. is buying marijuana retailer 420 Investments Ltd. of Calgary for $110 million, the British Columbia-based cannabis researcher and distributor said. The all-stock deal through a Tilray subsidiary, High Park Holdings Ltd., is expected to close early next year, according to a statement by Tilray. The first $70 million in stock is payable on the close of the deal with the remaining $40 million…