Tilray, the cannabis company whose share price only riseswhen an alcohol announcement is made.
(But that apparently was temporary)
I've read some amusing posts suggesting recently regarding Tilray's - once again using Simple Simon's failed 'growth by acquisition' - acquisition of some minor league, cash burning regional craft brewers - at a time when even the Craft Brewing Association admits that growth is over.
Stagnant sales and market share growth, in a sector that is over supplied by too many producers. Yes, local craft brewers will always have a place, new ones will pop up - to replace the ones that have declared bankruptcy and shut down, but a fad is a fad.
Don't get me wrong, I agree with diversification and applauded Tilray's acquisition of Sweetwater - when posters like quinlash and toronto said that Hexo's JV with Molson - Truss Beverages - would control the U.S. market in a very short time. (insert 'what?' here). Of course, Truss USA has since shut down as a failed experiment.
But enough is enough - the 'informed' investors on this board suggest that Tilray 'took advantage' of AB (insert another 'what?' here - followed by a 'hahaha') over the advertising debacle of Bud Light - when in fact, Annheuser, like others such as Molson Coors, DROP poor performing lines and concentrate on the new game in town - hard selzers and fine, premium whiskey.
There'll always be beer - but people are looking for an alternative to beer, not a variation. And how many cute little 'Gummie Beer' gimmicks will work.
AB dumped money guzzling, poor performing on a CEO who spends money like a drunken sailor on questionable investment - such as Medman, Hexo and local, craft brewers?
Even Simple Simon knows the craft brewer sector is stagnant - but he boldy predicts (like he predicted $4 billion in Tilray sales for 2024) that HE will 'make craft brewers COOL again'.
Insert 'hahahahhahahahha' here
Once-Booming Craft Beer Market Stalled At 0% Growth In 2022, Brewers Association Reports.
It was the first year craft beer had not grown market share.
Ignoring 2020, a year when almost every industry suffered anomalous results, craft beer had grown every year for as long as anyone can remember. But when Bart Watson, chief economist of the Brewers Association, took to the stage to present his state of the industry address at the 2023 Craft Brewers Conference, he reported that the streak was over. The Brewers Association, the trade group representing small and independent brewers, had determined that the craft beer achieved 0% growth in 2022.