Compass Diversified Holding, an owner of middle-market businesses, has agreed to sell Manitoba Harvest, a Winnipeg, Manitoba-headquartered provider of branded, hemp-based foods, for C$419 million. The buyer is Tilray Inc, a Nanaimo, British Columbia-based cannabis researcher, cultivator, producer and distributor. Jefferies LLC was financial adviser to CODI on the deal while Stikeman Elliott LLP acted as legal counsel. The transaction is expected to close within the next 30 days. Tilray is a portfolio company of Seattle-based cannabis private equity firm Privateer Holdings.