Tilray Brands had already entered the brewery space, in addition to cannabis sales. The New York City company also owns SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, and Green Flash Brewing Company.
Tilray said that the transaction, which was announced in August, will triple its beer sales volume from four million cases to 12 million. The acquisition also provides additional manufacturing capacity and innovation capabilities for commercial expansion opportunities. The brewer said in August that it was confident that its U.S. market share had stabilized after sales tanked.
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Earnings, September jobs report: What to watch this weekThe first week of October is off to a busy start. Yahoo Finance’s Josh Schafer takes a dive into what investors should look out for, including earnings from Levi Strauss & Co. (LEVI) and cannabis company Tilray Brands (TLRY), as well as the September jobs report expected out on Friday. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Strong earnings will reverse decline in megacap tech stocks: Goldman SachsThe so-called Magnificent Seven have fallen 7% over the last two months, compared with a 3% decline in the broad S&P 500
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