Bobby Zanetti's questions to IGXT leadership • Q3 2023
Question
Asked for clarification on atai's ownership percentage, the nature of the Tilray settlement, Tilray's relationship with other suppliers, potential interest from other cannabis companies, the launch timeline for Tilray products, and details on the Buprenorphine approval timeline and associated milestone payments.
Answer
Atai's ownership is 21%, not 66%. The Tilray settlement details are confidential, but it establishes a positive partnership. The agreement is non-exclusive, but IntelGenx expects to be the supplier. The company will now explore other cannabis partnerships. Tilray products are expected in Q2 2024. Buprenorphine launch is contingent on litigation outcomes, not just FDA approval. A low six-figure milestone is due upon approval.