Tilray's Beer Business Expands Nationally, Starting In This State
Portfolio Pulse from Jelena Martinovic
Tilray Brands, Inc. (NASDAQ:TLRY) (TSX:TLRY) is expanding its beer business nationally, starting in Georgia. The expansion follows the acquisition of eight beer and beverage brands from Anheuser-Busch (NYSE: BUD), making Tilray the 5th largest craft beer business in the U.S. Tilray's CEO anticipates creating a beer infused with cannabis upon legalization in the U.S.
September 14, 2023 | 1:16 pm
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POSITIVE IMPACT
Tilray's expansion into the beer business and potential for cannabis-infused beer could boost its market position.
Tilray's expansion into the beer business and the potential for cannabis-infused beer upon legalization in the U.S. could significantly boost its market position and revenue. This could have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Anheuser-Busch's sale of eight beer and beverage brands to Tilray could impact its market share.
Anheuser-Busch's sale of eight beer and beverage brands to Tilray could potentially reduce its market share in the beer business. This could have a negative impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50