It was one year ago that global cannabis company Tilray Brands Inc. made a splashy acquisition of eight brands from Anheuser-Busch including 10-barrel Brewing, Widmer Brothers, Redhook, Breckenridge Brewery, and AB in-house craft brand Shock Top amount others. That deal appears to be paying off.
Total quarterly revenue for the company, which includes sales of cannabis, beverages and wellness products, rose 25% to $229.9 million, Tilray said.
“These results were driven by our successful execution of our diversification strategy, which we started in 2020, and the hard work of our team,” Tilray Chief Executive Irwin D. Simon said in a statement. “Beer and spirits has been a real good move,” he said, referring to its acquisitions in last year.
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