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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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Tilray to triple U.S. beer business, add eight new alcohol brandsCanadian cannabis producer Tilray will add an estimated $250-million in revenue with the expansion of its U.S. beer business
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