Tilray Brands Announces Acquisition Of Remaining 57.5% Equity Ownership Of Truss Beverage From Molson Coors Canada; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Tilray Brands has announced the acquisition of the remaining 57.5% equity ownership of Truss Beverage from Molson Coors Canada. The terms of the deal were not disclosed.
August 18, 2023 | 11:03 am
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NEGATIVE IMPACT
Molson Coors Canada has sold its remaining stake in Truss Beverage to Tilray Brands.
The sale of the remaining stake in Truss Beverage could potentially mean that Molson Coors Canada is divesting from this business. This could potentially impact its revenues and profitability in the future.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Tilray Brands has increased its stake in Truss Beverage, which could potentially strengthen its position in the beverage market.
The acquisition of the remaining stake in Truss Beverage could potentially allow Tilray Brands to have full control over the company's direction and could strengthen its position in the beverage market. This could potentially lead to increased revenues and profitability in the future.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100