Cannabis company Tilray dives further into beer buying eight brands from Anheuser-Busch

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Ontario\u002Dbased cannabis company Tilray is diving further into beer, spending US$85 million to buy eight craft brands from Anheuser\u002DBusch. Read on

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In a filing with the U.S. Securities and Exchange Commission, Tilray puts the purchase price at US$85 million to be paid in cash.The cannabis company says the agreement will triple both its basket of brands and its beer sales volume, which it projects will increase to 12 million cases per year from four million.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.

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