Cannabis producer Tilray (TLRY) announced the purchase of Manitoba Harvest to enter the CBD-infused food market via the companies distribution agreements with 16,000 stores. The company paid about $300 million for Manitoba Harvest and the stock went up $350 million. The deal just seems too good. Why did Compass Diversified Holdings (CODI) dump the business for mostly cash?Note that Compass has this actual slide in their quarterly presentation that the company has the advantage of opportunitically selling businesses from time to time when attractive opportunities arise. Tilray is paying the following amounts for the deal:-aggregate maximum C$419 million purchase price, Tilray will pay C$277.5 million at closing, comprised of C$150 million in cash and C$127.5 million in Tilray Shares. Six months after closing, Tilray will pay C$92.5 million, comprised of C$50 million in cash and C$42.5 million in Tilray Shares. Tilray will issue an additional C$49 million in Tilray Shares based on Manitoba Harvest achieving certain performance milestones in 2019, such amount to be reduced to the extent that some or all of the milestones are not achieved.Investors need to stop assuming that these cannabis players like Tilray can be one stop shops for the whole industry. Disclosure: No position