The Canadian PressA variety of Anheuser-Busch brewery products are available for tasting at the brewery tasting room in Fort Collins, Colorado March 2, 2017.In a filing with the U.S. Securities and Exchange Commission, Tilray puts the purchase price at $85 million US 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. Tilray says that growth would vault it to the status of fifth-largest craft beer operation in the United States. The deal between the Leamington, Ont.-based Tilray and Missouri-based beer giant Anheuser-Busch is expected to close later this year.
The eight brands are Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall Energy.
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