Tilray Brands, the New York City based pharmaceutical and cannabis company announced the acquisition of Montauk Brewing Company of New York.
Past Tilray acquisitions in the craft beer space include SweetWater Brewing Company and the Alpine and Green Flash brands. The company has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal. The Montauk acquisition is expected to deliver additional scale in Tilray’s craft beer segment and provide a stronger footprint in the Northeast rounding out their footprint across the U.S.
More details here.