What’s Going On With Cannabis Grower Tilray’s Stock?
Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading higher Wednesday. The company announced Tuesday that it will acquire four craft breweries from Molson Coors Beverage Company (NYSE:TAP).
The Details:
Tilray will acquire Hop Valley Brewing Company, Terrapin Beer Co., Revolver Brewing, and Atwater Brewery from Molson Coors. The company said the acquisition will position it for growth within the beverage industry and expand its portfolio across key beer markets by adding 30% more beer buying accounts.
Tilray expects its beer business to grow to 15 million cases annually, following the acquisition.
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“Tilray Brands is proud to be driving the most compelling and unique growth story in the craft beer industry. With the acquisition of these four craft …