{"id":10097,"date":"2023-08-08T10:35:11","date_gmt":"2023-08-08T10:35:11","guid":{"rendered":"https:\/\/isafespend.com\/investing\/canadian-pot-company-tilray-is-buying-8-beer-and-beverage-brands-from-ab-inbev\/"},"modified":"2023-08-08T10:35:12","modified_gmt":"2023-08-08T10:35:12","slug":"canadian-pot-company-tilray-is-buying-8-beer-and-beverage-brands-from-ab-inbev","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=10097","title":{"rendered":"Canadian pot company Tilray is buying 8 beer and beverage brands from AB InBev"},"content":{"rendered":"
\n

Canadian cannabis producer Tilray Brands Inc.
\n TLRY,
\n -3.48%<\/bg-quote>
\n on Monday said it had agreed to buy eight beer and drink brands from Anheuser-Busch InBev
\n BUD,
\n -0.09%<\/bg-quote>
\n \u2014 including Shock Top, Redhook Brewery and Widmer Brothers Brewing. The other five brands are Breckenridge Brewery,\u00a0Blue Point Brewing Co., 10\u00a0Barrel Brewing Co., Square Mile Cider Co. and HiBall Energy. The deal, which includes related staff and breweries, is expected is expected to close this year. Tilray said it expects to pay in cash to complete the deal. The purchase price wasn\u2019t disclosed in a release. The deal follows other efforts by Tilray to expand into alcohol, amid heavy competition in Canada\u2019s legal cannabis industry and stalled federal reform in the U.S. Shares rose 2.7% after hours on Monday. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Canadian cannabis producer Tilray Brands Inc. TLRY, -3.48% on Monday said it had agreed to buy eight beer and drink brands from Anheuser-Busch InBev BUD, -0.09% \u2014 including Shock Top, Redhook Brewery and Widmer Brothers Brewing. The other five brands are Breckenridge Brewery,\u00a0Blue Point Brewing Co., 10\u00a0Barrel Brewing Co., Square Mile Cider Co. and HiBall<\/p>\n","protected":false},"author":1,"featured_media":9288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-10097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nCanadian pot company Tilray is buying 8 beer and beverage brands from AB InBev | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Canadian cannabis producer Tilray Brands Inc. 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