September 26, 2018 / 11:37 AM / 3 months ago

BUZZ-Tilray: Climbs on entering 12-mnth supply pact with Supreme Cannabis

** Tilray shares rise 7.5 pct after Canadian marijuana co enters supply agreement with Supreme Cannabis Co

** FIRE’s unit to supply dried cannabis to Tilray for 12 months starting Oct. 1; estimated purchase deal for about C$12 mln

** A similar pact was previously announced between the two companies on Sept. 10

** Tilray shares have surged more than 6x its July IPO price of $17

** Last week, TLRY overtook Canopy Growth to become the most valuable company in the sector but has lost its position since then (Reporting by Medha Singh in Bengaluru)

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