Tilray Brands, Inc., owner of cannabis brands Tilray, Aphria, Broken Coast, Symbios, and Navcora, on Tuesday announced it has agreed to acquire four craft breweries from Molson Coors Beverage Company, including Hop Valley Brewing Company, Terrapin Beer Co., Revolver Brewing, and Atwater Brewery.
The firm’s portfolio already holds craft beers, including SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, Green Flash Brewing Company, Shock Top, Breckenridge Brewery, Breckenridge Distillery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewing Company, Widmer Brothers Brewing, along with craft cider Square Mile Cider Company, energy drink brand HiBall Energy, and the hemp-derived Happy Flower CBD sparkling cocktail brand.
In a press release, Irwin D. Simon, Tilray chairman and CEO, said the company “plans to continue to invest in the future of these craft breweries, accelerating their growth and capturing a wide range of new market opportunities.”
“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 breweries from Molson Coors, we are marking another strategic milestone in Tilray Brands’ growth plan. Our team’s expertise in operational excellence will enable us to unlock the full potential of
