RE:Tilray/Inbev/Labatts and Shock Top The Circlek Gang says the craft breweries in the USA are irrelevant to Tilray Brands.
Now The Circlek Gang says the distribution of Shock Top with Labatts Brewery is irrelevant to Tilray Brands!
Why?
Not Shareholders! Nothing really anything!
Very important for the bottom line for Tilray Brands and the shareholders, that the below is not disrupted.
. Seller shall, beginning immediately following the date hereof, negotiate in good faith with Labatt Breweries of Canada LP (“Labatt”) to attempt to amend that certain Production and Distribution Agreement dated April 1, 2011 between AB, LLC and Labatt (the “Labatt Agreement”) to remove Shock Top as an “AB Product” thereunder and to replicate a separate, stand-alone agreement with Buyer exclusive to Shock Top on terms and conditions that are the same or substantially similar with those terms and conditions set forth in the Labatt Agreement (the “Shock Top Agreement”) (which shall be a Purchased Asset hereunder). AB, LLC shall indemnify Buyer from any Liability arising or resulting from the Labatt Agreement.