As shareholders are aware that Tilry and Inbev had a JV for 100 million in 2018. Labatt breweries of Canada spearheaded it with Fluent beverages (Labatts). JV ended April 2022
Fluent Beverages now operates as wholly owned of brewer Labatt (owned by InBev)and Tilray will act as Fluents co-manufacturing partner.
Tilray, for its part, will retain the manufacturing equipment for CBD and THC beverages, on top of recieving a royality free, perpetual, worldwide licenceto utilize the technology.
Fastward to present.
Expect an anouncement from Labatt/Tilray in the future.
. 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.
On another note: Labatts gearing up for more capacity in 2024.
https://www.cbc.ca/news/canada/london/labatt-brewery-tanks-jobs-expansion-london-ont-2023-november-1.7021598