Tilray Inc. TLRY 0.52% on Wednesday announced the expansion of its global senior leadership team. The company appointed Andrew Pucher, a former managing director atGoldman Sachs Group Inc GS 0.15%, as its new Chief Corporate Development Officer.
In his new role, Pucher will be responsible for Tilray’s corporate development and will also manage the team responsible for M&A and corporate investments.
Why It’s Important
The appointment follows a string of hires from other industries:
- In January, Greg Christopher joined Tilray from Nestle as EVP of Operations;
- Rita Seguin from Diageo became Tilray’s EVP of Human Resources;
- General Counsel Dara Redler previously worked at Coca-Cola; and
- Charlie Cain, formerly of Starbucks, was appointed VP of Retail.
The appointment comes after Tilray signed a number of deals and partnerships expanding its reach and international presence.
The company and its subsidiaries formed a partnership with Novartis AG NVS 0.64%‘s Sandoz division to distribute medical products, created a 50/50 joint venture with Anheuser Busch Inbev NV BUD 1.2%‘s Labatt to develop THC and CBD-infused beverages, signed an agreement to produce CBD products for Authentic Brands Group. Most recently, Tilray announced the acquisition of Manitoba Harvest, the largest manufacturer of hemp food products.
Tilray Inc. shares were trading at $72.09 per share on Thursday afternoon, up $0.29 (+0.40%). Year-to-date, TLRY has gained 2.20%, versus a 12.49% rise in the benchmark S&P 500 index during the same period.
This article is brought to you courtesy of Benzinga.