RE:RE:RE:RE:RE:RE:Craft Beer Market Expected to ExpandI would not be invested in a Company where the CEO simply puts the Corp cash into as savings account. For the points I made earlier, it's a net loss to do so.
Irwin invested in Breweries to produce Craft Beers and be in position for a growing market. The same can be said for Cannabis. Despite what many of us hoped for (an earlier launch of US Legalization) the Cannabis market is still emerging. Until we get to a point where the US is fully open for business and all other countries are "open for business" the market is not fully accessible therefore there will be (for an extended time) more market growth available.
The Cannabis market size grows as more and more countries come online, the US will be the biggest contributor to that as soon as it happens. Germany and other countries will contribute as well but the US is the "Holy Grail" of market expansion for the sector.
Moves on part of Tilray Brands Management team are wise and prudent IMHO. They are making the most of the opportunities presented by the market while giving themselves options going forward.
In terms of AB and why they sold their breweries, maybe you are not aware however AB make a huge mistake in their marketing campaigns and lost top spot in the US Market for Beer Sales. They likely needed to sell off those breweries to address their sagging sales as consumers turned their back on Bud / Bud Lite Products.
The market is not reflecting the value of this company in the SP however it will, given time.
jmho