Tilray buys stake in Truss Beverage it does not already own from Molson Coors Canada
August 18, 2023 By The Canadian Press
Leamington, Ont. — Cannabis company Tilray Brands Inc. has signed a deal to acquire the stake in Truss Beverage Co. that it does not already own from Molson Coors Canada.
Financial terms for the 57.5 per cent stake in the cannabis-infused drink maker were not immediately available.
Truss brands include XMG, Little Victory and Mollo.
The company says cannabis-infused drinks present a significant opportunity for growth.
Tilray Canada president Blair MacNeil says the deal positions the company at the forefront of the sector.
Earlier this month, Tilray announced a deal to buy eight beer and beverage brands from Anheuser-Busch Companies LLC.
Print this page
- Acquisition positions Tilray as leader in adult use cannabis beverages in Canada
- Canopy Growth to hold virtual annual general and special meeting of shareholders