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Bud means a lot more to Tilray Brands Inc (NYSE: TLRY) shareholders than just a slang word for cannabis after the company acquired eight beer and beverage brands from
Tilray Brands announced the planned acquisition of eight beer and beverage brands from Anheuser-Busch Monday. The deal is expected to close at the end of this year.
(Bloomberg) -- Tilray Brands Inc. shares jumped the most since February 2021 after the cannabis and consumer packaged goods company agreed to buy eight beer and beverage brands from the owner of Budweiser.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5
Several stocks moved near 20% in either direction on Tuesday afternoon following earlier earnings reports.
Tilray Brands, a major player in the global cannabis sector, is increasing its foothold in the craft beer space with the purchase of eight brands from Anheuser Busch-In Bev, including Breckenridge Brewery.