Tilray Brands Inc TLRY

Alternate Symbol(s): T.TLRY

Healthcare Cannabis

Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.

NDAQ:TLRY - Post by User

Tilray Brands Inc > Anheiser-Busch Being forced to sell Off Several Beer Brands

<< Previous

Bullboard Posts

Next >>

Comment by ShameBasherson Aug 08, 2023 2:07pm

107 Views

Post# 35577982

RE:Anheiser-Busch Being forced to sell Off Several Beer Brands

DaveInCalgary wrote:
ANDREW POWELL CONTRIBUTOR August 07, 2023

The collapse has just ratcheted up.

Anheuser-Busch InBev (AB-InBev) will be selling eight craft beer brands to Tilray Brands, according to a Monday announcement from the anti-American beer giant. The move will cut AB-InBev’s craft beer portfolio significantly.

Tilray, a Canadian cannabis company, will be purchasing 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 deal is expected to be finalized in Sept. 2023 for $85 million, according to a Tilray 8-K filing.

In addition to the beer brands, Anheuser-Busch will also be selling off the brands’ employees, breweries and associated brewpubs.

In other words, the disaster just got even more disastrous for Bud Light’s umbrella company.

We’ve hit a new low, ladies and gentlemen.

Ever since the Dylan Mulvaney disaster, we’ve seen Anheuser-Busch and their brands (in particular Bud Light and Budweiser) utterly collapse, and over time, things have only gotten worse. Well, this is another one of those times, as A-B is actually being forced to sell their beer brands. God, I find that hilarious.

And the fact they’re selling these brands to a cannabis company?

Anheuser-Busch truly has fallen, ladies and gentlemen. From having America’s favorite beer to now selling several of their brands to a weed company … straight up clown world for A-B.

Ya gotta love it.

https://dailycaller.com/2023/08/07/anheuser-busch-beer-brands-bud-light-dylan-mulvaney-cananbis-tilray/