Whereas it would strike some as odd, that the most important hashish producer on this planet had bought yet one more US craft brewery its current buy of a comparatively minor title in craft brewing except you’re pondering strategically and looking out in direction of the long run.
A future the place leisure hashish is authorized nationally and Tilray can begin producing cannabis-infused brews…and its buy of Montauk Brewing solely furthers that eventual objective.
This journey began when Aphria Inc. a Canadian pot-producer bought SweetWater Brewing in 2020.
It was a $300 million transaction involving each inventory and money, which gave Aphria, a publically traded firm, entry into the US market and the infrastructure to advance its hashish enterprise as state legal guidelines developed.
Two weeks after closing on the acquisition of Atlanta’s Sweetwater Brewing, Aphria reached an settlement to merge with Tilray, a Canadian pharmaceutical and hashish firm forming the world’s largest hashish firm valued at $3.8 billion.
On July 21, 2021 the now Tilray-owned SweetWater Brewing introduced that it had expanded its attain to Colorado the place leisure hashish has lengthy been authorized with a brand new brewery in Fort Collins and a taproom at Denver Worldwide Airport.
Then in December the Tilray-owned SweetWater Brewing introduced that it was buying San Diego, California-based Inexperienced Flash Brewing and Alpine Beer, each firms which have seen higher days.
California is an equally pot-friendly state, however that mentioned, the corporate will probably be shifting the precise brewing of these manufacturers to the brewery it bought in Colorado.
And now comes new that Tilray has bought Montauk Brewing a Lengthy Island craft brewery that’s hardly a nationwide title.
Downplaying that it main product is hashish Tilray was all concerning the beer and its distribution in its November 7, announcement…
“Montauk Brewing is an iconic model with main market share and distribution within the northeast,” mentioned Irwin D. Simon, Chairman and CEO. “Tilray Manufacturers intends to leverage SweetWater’s present nationwide infrastructure and Montauk Brewing’s northeast affect to considerably broaden our distribution community and drive worthwhile development in our beverage-alcohol section.
However on condition that Tilray is the most important hashish producer on this planet we suspect that what’s actually at play here’s a nationwide community of cannabis-infused drinks down the road.