Tilray Brands Announces Agreement To Acquire Eight Beer & Beverage Brands From Anheuser-Busch; Pro Forma Revenue Expected ~$300M
Portfolio Pulse from Benzinga Newsdesk
Tilray Brands has announced an agreement to acquire eight beer and beverage brands from Anheuser-Busch. The pro forma revenue from this acquisition is expected to be around $300 million.
August 07, 2023 | 8:30 pm
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POSITIVE IMPACT
Tilray Brands is acquiring eight beer and beverage brands from Anheuser-Busch, which is expected to boost its revenue by around $300 million.
The acquisition of eight brands from Anheuser-Busch is expected to significantly boost Tilray Brands' revenue. This could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Anheuser-Busch is selling eight of its beer and beverage brands to Tilray Brands. This could potentially impact its revenue stream.
The sale of eight brands to Tilray Brands could potentially reduce Anheuser-Busch's revenue, depending on the profitability of these brands. This could negatively impact the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80