BeverageDaily

Tilray Brands Acquires BrewDog

Tilray agreed to acquire BrewDog's intellectual property, UK brewing operations and a portfolio of eleven profitable brewpubs for £33 million ($44 million). Separate talks are ongoing to purchase BrewDog's assets in the United States and Australia. BrewDog, once valued at roughly £2 billion, has posted losses for five consecutive years, prompting the swift sale. The deal expands Tilray’s beverage division, pushing its global portfolio toward $500 million in annual revenue.