Tilray makes strategic investment in IntelGenx

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IntelGenx Technologies (TSXV:IGX; OTCQX:IGXT) closed a private placement with Tilray (NASDAQ:TLRY) in connection with the companies’ partnershipto co-develop and commercialize IntelGenx’s VersaFilm oral film product infused with adult-use and medical cannabis.

Under the private placement, IntelGenx issued 1,428,571 of its common shares to Tilray at a price of70 cents (U.S.) a share for gross proceeds of $1-million.

Michelle Carr