Tilray Buys Out Truss Beverage Co. From Molson Coors Canada
Tilray has managed to turn its fortune around lately
Tilray Brands Inc. (Nasdaq: TLRY) (TSX: TLRY) is buying the remaining 57.5% of shares in THC-infused drink line Truss Beverage Co. from Molson Coors Canada, the company said Friday.
In a statement, Blair MacNeil, President of Tilray Canada, expressed excitement for the move.
“In addition to acquiring full and direct ownership of a stable of high-growth brands, this acquisition further strengthens Tilray’s No. 1 cannabis market share position in Canada and positions the company at the forefront of the adult-use beverage sector,” MacNeil said.
He emphasized the company’s intent to expand its product offerings and cast a wider net to engage more consumers.
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