In 2022, its beverage alcohol segment brought in $95 million in net revenue, representing 15% of its total $627.1 million and a 33% increase year-over-year. Tilray had a $1.4 million net loss for the year."Tilray Brands reached out to us early this year with interest in purchasing these brands and breweries, and since then, we’ve had many positive conversations that led to today’s announcement," Anheuser-Busch executive Andy Thomas said in a statement.
The logo of Anheuser-Busch InBev is pictured outside the brewer's headquarters in Leuven, Belgium, on Feb. 25, 2016. For the transaction announced Monday, Thomas said the company has committed to working with Tilray "to ensure this is a smooth transition for the people who are working every day to get these amazing beers and beverages to consumers in the U.S." In addition to the eight brands’ breweries and brewpubs, the employees for the eight brands will become Tilray’s post-deal, according to the release.
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Cannabis Company Tilray Acquires 8 Anheuser-Busch Craft Beer BrandsAnheuser-Busch, the parent company of Bud Light, has announced the sale of eight of its craft beer brands to Canadian cannabis company Tilray, which has been expanding into the craft beer industry.
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Global cannabis company acquires Breckenridge Brewery and seven other brands from Anheuser BuschTilray Brands, a major player in the global cannabis sector, is expanding its presence in the craft beer industry by purchasing eight brands from Anheuser Busch-In Bev, which includes Breckenridge Brewery. The acquisition also includes the retention of current employees, breweries, and brewpubs associated with these brands.
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