- Tilray Brands (TLRY) has acquired Montauk Brewing Company, a craft brewer based out of Metro New York
- Montauk has distribution across more than 6,400 locations, including top national retailers such as Target, Whole Foods, Trader Joe’s, Stop & Shop, King Kullen, Walmart, 7-Eleven, Costco, BJ’s, and Speedway
- Montauk Brewing joins Tilray’s growing U.S. beverage-alcohol segment, which already includes SweetWater Brewing Company, the 10th largest craft brewer in the nation with distribution across more than 40 states, the Alpine and Green Flash iconic Southern California brands, and its lifestyle bourbon and spirits brand, Breckenridge Distillery
- Tilray Stock (TSX:TLRY) is up 1.18 per cent, trading at C$3.85 at 10:15 am ET
Tilray Brands (TLRY) has acquired Montauk Brewing Company, a craft brewer based out of Metro New York.
Montauk has distribution across more than 6,400 locations, including top national retailers such as Target, Whole Foods, Trader Joe’s, Stop & Shop, King Kullen, Walmart, 7-Eleven, Costco, BJ’s, and Speedway.
Montauk Brewing joins Tilray’s growing U.S. beverage-alcohol segment, which already includes SweetWater Brewing Company, the 10th largest craft brewer in the nation with distribution across more than 40 states, the Alpine and Green Flash iconic Southern California brands, and its lifestyle bourbon and spirits brand, Breckenridge Distillery.
Tilray’s Chairman and CEO, Irwin D. Simon, said that his company continues to strengthen its U.S. footprint and operations through investments in and growing our portfolio of leading lifestyle consumer brands that resonate with consumers.
“Montauk Brewing is an iconic brand with leading market share and distribution in the northeast. Tilray Brands intends to leverage SweetWater’s existing nationwide infrastructure and Montauk Brewing’s northeast influence to significantly expand our distribution network and drive profitable growth in our beverage-alcohol segment. This distribution network is part of Tilray’s strategy to leverage our growing portfolio of U.S. consumer packaged goods brands and ultimately to launch THC-based product adjacencies upon federal legalization in the U.S.”
Tilray also announced that it had appointed veteran beer and beverage industry executive Ty H. Gilmore as President of Tilray’s U.S. beer business, a newly created position.
Tilray Brands is a global cannabis-lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America.