On Tuesday, global consumer goods company Tilray announced its deal to acquire four craft breweries from Molson Coors Beverage Company. The roster includes Oregon’s Hop Valley Brewing Company, Georgia’s Terrapin Beer Company, Michigan’s Atwater Brewery, and Texas’ Revolver Brewing. The deal is expected to close later this month, according to Brewbound.
The deal will help Tilray grow its distribution network and its share in crucial markets like the Pacific Northwest. The company’s hope, according to a press release, is that these acquisitions will allow it to continue expanding and growing in the beverage industry at large. This acquisition will bring Tilray’s craft brewery count up to 20.
