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A Canadian medical marijuana producer is wagering on overseas markets, having received the green light from the nation’s health department to export products to Croatia.
The Eastern European nation legalized MMJ last October.
Tilray, which is owned by the canna-centric private equity firm Privateer in Seattle, hopes the venture is the first of many export deals as it hopes to capture a nascent international market – especially at a time when the Canadian market is stagnating.
The company previously announced that it would export cannabis products to Australia, and reportedly plans to announce other European partnerships in the coming months.