Why a Cannabis Firm is the Most Active Acquirer of Craft Breweries, with Tilray's Ty Gilmore

Tilray Brand’s president of the U.S. Beer Division Ty Gilmore offers insights into the global cannabis firm’s craft beverage strategy after making nine acquisitions in 2023. Tilray has quickly built a portfolio of craft brands through acquisitions, including SweetWater, Green Flash, Alpine Beer Co. and Breckenridge Distillery. The company added to its roster this year with the additions of New York’s Montauk Brewing Company in January, followed by a transaction for eight craft beverage brands from Anheuser-Busch InBev.

Transcript

Speaker 1 [00:12] Let's zoom in on this year's most active strategic Tilray Brands. Tilray is the world's largest cannabis company with an apparent appetite for craft breweries. Tilray's first craft acquisition was in November 2020 for Sweetwater in a $300 million deal. The company followed it up in December 2021 with a $5 million deal for San Diego Beer Brands, Green Flash and Alpine. Next was New York's Montauk Brewing in November 2022 in a transaction valued at $35 million. The company made a big splash this August with an $85 million deal with Anheuser-Busch for Shock Top Breckenridge…

To read the full transcript, purchase a Brewbound subscription.

Related Videos