Cannabis company Tilray dives further into beer buying eight brands from Anheuser-Busch

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 80%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Ontario\u002Dbased cannabis company Tilray is diving further into beer, spending US$85 million to buy eight craft brands from Anheuser\u002DBusch. Read on

Play Video

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.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Subscribe now to read the latest news in your city and across Canada.Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Create an account or sign in to continue with your reading experience.Share your thoughts and join the conversation in the comments.Don't have an account?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian cannabis company Tilray expanding into beer business with $85M deal with Anheuser-Busch | CBC NewsTilray Brands Inc. is expanding its case of craft brews, announcing a deal to buy eight beer and beverage brands from Anheuser-Busch Companies LLC.
Source: CBCNews - 🏆 2. / 99 Read more »

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
Source: globeandmail - 🏆 5. / 92 Read more »