Cannabis Company Tilray Brands Acquires Eight Craft Breweries, Including Breckenridge, for $85 Million

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Tilray already owns Sweetwater Brewing Company, Montauk Brewing Company, Alpine Beer Company and Green Flash Brewing Company. With the Anheuser-Busch deal, Tilray is adding Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company and HiBall Energy.

The Anheuser-Busch move seemed to surprise both the beer and cannabis industries, though Tilray has consistently and aggressively invested in craft beer in recent years, andTilray’s stock has struggled over the past few years, as Canadian cannabis competition has increased and the United States regulation progress has decreased. Many analysts believe that Tilray is focused on the bigger picture of positioning itself as a supplier of cannabis products, including beverages, to a national U.S.

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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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Tilray's Deal with AB InBev Expands its Presence in the Beer IndustryTilray's stock soars as it acquires eight beer and beverage brands from Anheuser-Busch InBev, sparking mixed reactions from analysts.
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