Tilray to triple U.S. beer business, add eight new alcohol brands

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Canadian cannabis producer Tilray will add an estimated $250-million in revenue with the expansion of its U.S. beer business

With federal cannabis legalization in the United States still a distant promise, Tilray Brands Inc. is expanding its beverage business line, acquiring eight beer brands to diversify its alcohol portfolio.

The transaction includes current employees, breweries and brewpubs associated with these brands. The purchase price will be paid in all cash and the transaction is expected to close in 2023.In the release, Tilray chief executive officer Irwin Simon said the acquisition marks a major step forward in the company’s diversification strategy.

Tilray, like several of its peer cannabis companies, moved into alcohol markets early after cannabis legalization in Canada in the hopes of one day using those brands as a cannabis product launch pad. While 23 states and Washington D.C. have approved adult-use cannabis, it remains illegal at the federal level. Nonetheless, Mr. Simon expressed optimism in Monday’s release.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 5. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Five things to watch for in the Canadian business world in the coming weekTORONTO — Five things to watch for in the Canadian business world in the coming week:
مصدر: calgaryherald - 🏆 64. / 52 اقرأ أكثر »