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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Canadian pot company Tilray to acquire 8 beer and beverage brands from AB InBevCanadian cannabis producer Tilray Brands Inc. has announced its agreement to purchase eight beer and drink brands from Anheuser-Busch InBev, including Shock Top, Redhook Brewery, and Widmer Brothers Brewing. The other five brands involved in the deal are Breckenridge Brewery, Blue Point Brewing Co., 10 Barrel Brewing Co., Square Mile Cider Co., and HiBall Energy.
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Anheuser-Busch Selling Shock Top, Blue Point to Cannabis Company TilrayAnheuser-Busch, the owner of Bud Light, is selling eight beer and beverage brands to cannabis company Tilray. The exact amount of the deal has not been disclosed.
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Anheuser-Busch to sell 8 beverage brands to cannabis company, report saysAnheuser-Busch, the owner of Bud Light, is reportedly selling eight of its beverage brands to a cannabis company, according to The Wall Street Journal.
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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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