Tilray Acquires 8 Beer and Beverage Brands from Anheuser-Busch, Becomes 5th Largest U.S. Craft Brewer

Tilray closes acquisition of 8 beer and beverage brands from Anheuser-Busch
Acquired brands include Shock Top and Breckenridge Brewery craft beers
Tilray already owned SweetWater and Montauk Brewing beverage brands
Deal makes Tilray the 5th largest craft beer business in the U.S.
Tilray CEO Acquisition part of "diversified growth strategy" amid delayed U.S. cannabis legalization

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Relevant topic timeline:

9/7/2023

Bill Gates' foundation trust bets big on Bud Light comeback

The Bill and Melinda Gates Foundation Trust purchased 1.7 million shares of Anheuser-Busch last quarter, seeing the beer's slump as an opportunity to buy the dip following the backlash against Bud Light's partnership with transgender activist Dylan Mulvaney.

9/29/2023

Anheuser-Busch InBev Remains Deep Value Despite Macroeconomic Headwinds

This article discusses Anheuser-Busch InBev (BUD) as the primary stock. The author gives a Strong Buy recommendation for BUD. The key points mentioned in the article include: - AB InBev's status as the world's largest brewery selling over 500 different brands of beers. - The firm's cost advantages and operational excellence compared to its competitors. - The acquisition history and expansion strategy of AB InBev. - The economic moat of the company through tangible cost advantages and a diverse portfolio of brands. - The company's financial performance and profitability. - The macroeconomic conditions and challenges AB InBev faces, including inflation and competition. - The undervaluation of AB InBev's stock. - The author's recommendation for AB InBev as a long-term investment.

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AB InBev Upgraded to Buy Rating as Margins Seen Improving Despite Bud Light Struggles

Shares of Anheuser-Busch InBev, the parent company of Bud Light, rose 4% after Bank of America upgraded their stock, citing improved profit growth and easing cost pressures.

10/3/2023

Tilray Earnings: Cannabis Company Looks to Turn Around Losing Streak Amid Sector Optimism

American cannabis company Tilray is set to report its Fiscal Q1-2024 results, with analysts expecting a diluted loss of $0.05 per share on revenues of $174.31 million, and despite previous underperformance, Tilray's recent acquisition of beer and beverage brands could improve its future prospects.

10/4/2023

Tilray Q1 Revenue Up 15% to $177M as Cannabis and Craft Beer Divisions Drive Growth; Net Loss Narrows

Cannabis producer Tilray reported a 15% increase in net revenue, reaching $177 million in its fiscal first-quarter, as it expands into the beer industry and strengthens its market position in Canada.

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Posted 10/2/2023, 12:13:59 PM

Tilray Acquires 8 Beer and Beverage Brands from Anheuser-Busch, Becomes 5th Largest U.S. Craft Brewer

Tilray closes acquisition of 8 beer and beverage brands from Anheuser-Busch
Acquired brands include Shock Top and Breckenridge Brewery craft beers
Tilray already owned SweetWater and Montauk Brewing beverage brands
Deal makes Tilray the 5th largest craft beer business in the U.S.
Tilray CEO Acquisition part of "diversified growth strategy" amid delayed U.S. cannabis legalization

seekingalpha.com

Relevant topic timeline:

9/7/2023

Bill Gates' foundation trust bets big on Bud Light comeback

9/29/2023

Anheuser-Busch InBev Remains Deep Value Despite Macroeconomic Headwinds

9/29/2023

AB InBev Upgraded to Buy Rating as Margins Seen Improving Despite Bud Light Struggles

Shares of Anheuser-Busch InBev, the parent company of Bud Light, rose 4% after Bank of America upgraded their stock, citing improved profit growth and easing cost pressures.

10/3/2023

Tilray Earnings: Cannabis Company Looks to Turn Around Losing Streak Amid Sector Optimism

10/4/2023

Tilray Q1 Revenue Up 15% to $177M as Cannabis and Craft Beer Divisions Drive Growth; Net Loss Narrows

Cannabis producer Tilray reported a 15% increase in net revenue, reaching $177 million in its fiscal first-quarter, as it expands into the beer industry and strengthens its market position in Canada.