RE:RE:Tilray recent Brewery purchasesOldweed wrote: So my question is, if these craft beers are so successful why did AB sell? There has to be a purpose behind it all.
The hoopla surrounding Bud Light impacted sales of the normally top-selling beer, putting pressure on the parent company's shares.
“Tilray Brands reached out to us early this year with interest in purchasing these brands and breweries, and since then, we’ve had many positive conversations that led to today’s announcement," said Andy Thomas, president, The High End at Anheuser-Busch. "The talented people behind these brands and breweries, along with our significant investments in them over the years, have positioned them for a bright future with Tilray Brands. We are committed to working with Tilray Brands over the coming months to ensure this is a smooth transition for the people who are working every day to get these amazing beers and beverages to consumers across the U.S.”
Meanwhile, Tilray is pleased to grow its U.S. alcohol beverage segment.