Molson Coors sells 4 craft breweries to cannabis company

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Canadian cannabis company, Tilray, is making more moves in the craft beer space and this time it’s picking up brands from Molson Coors.

Brewhouse of the Molson Coors brewing plant in Golden, Colorado on Tuesday, Oct. 6, 2020.

“Tilray Brands is proud to be driving the most compelling and unique growth story in the craft beer industry,” Irwin Simon, Tilray’s chairman and CEO, said in a statement. “We are confident in our ability to drive revenue, generate cost synergies, and expand national distribution reinforcing our leadership position in craft beer resulting in tremendous growth opportunities for our global beverage business.”– in 2016 when the craft beer segment was experiencing record growth. Michelle St.

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